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One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide

(Bloomberg) A hedge fund firm is causing a stir among investors in South Korea, delivering strong returns even as the stock market declines and attracting a flood of money. Timefolio Asset Management has gained almost 14 percent this year in its main fund, which combines a long-short strategy focused on South Korean equities and alternative investments, Joosang Lee, a managing director at the firm, said in an interview in Seoul. The country’s benchmark Kospi index is down 5.7 percent in 2018.

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