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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