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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

Cast and crew of Parasite

Photographer: Eric McCandless/Walt Disney Television
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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.