One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide
- Timefolio Asset hedge funds attracted $1.3 billion in 2 years
- Main fund is long-short strategy focused on Korean equities
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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.