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S.Korea regulator says monitors Lime Asset after suspended withdrawals

(Reuters) – South Korea’s financial regulator said on Thursday it is monitoring Lime Asset Management after the hedge fund suspended withdrawals that media reports valued at about $520 million. Lime, which manages assets worth nearly $4 billion, said on Tuesday it halted withdrawals from some funds because “it takes a long time to liquidate the assets and it may involve high cost”.

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