(Bloomberg) In its desperation to create more tech stars, South Korea’s government bears some of the blame for spreading moral hazard in the nascent local hedge-fund industry. Lime Asset Management Co., the country’s biggest hedge fund, has frozen $710 million in withdrawals and come under regulatory investigation while struggling to meet redemptions in a dangerously too-good-to-fail form of convertible bonds aimed at boosting tech startups.
Hedge Funds Hurt by Seoul’s Too-Good-to-Fail Bonds
This entry was posted in Syndicated. Bookmark the permalink.
