Tiny Korean Hedge Fund Hits Jackpot With ‘Parasite’ Deal
- Fund has returned 72.1% since 2018 financing Korean movies
- It’s invested $500,000 in surprise Oscar winner ‘Parasite’
Cast and crew of Parasite
Photographer: Eric McCandless/Walt Disney TelevisionThis article is for subscribers only.
For a tiny South Korean hedge fund, the shock Oscar win of dark comedy “Parasite” couldn’t be better news.
The fund, run by Seoul-based Ryukyung PSG Asset Management Inc., has invested around $500,000 in the movie that became the first foreign-language film in history to win the coveted Oscar for best picture. “Parasite” cost $11 million to make and has raked in $165 million so far, and ticket sales are set to climb even more after the award.