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U.S. hedge fund considering local market entry

Yonhap – Millennium Partners, a fund managed by the U.S.-based Millennium Management LLC, is considering tapping the South Korean hedge fund market, sources said Monday, in what would mark the first local entry of an overseas fund.

Millennium Partners, which manages funds valued at around US$13 billion, reportedly plans to set up a local affiliate and seek regulatory approval as early as this month in a bid to operate its hedge fund here.

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