Watchdog to target operator, sellers in hedge fund probe
(WorldNews South Korea)

Korea Times file South Korea`s financial watchdog will likely focus its first on-site probe into a major hedge fund fiasco on its operator and three major sales agents, industry sources said Tuesday. The Financial Supervisory Service (FSS) is scheduled to launch the inspection into South Korea`s largest hedge fund Lime Asset Management Co.`s suspension of fund redemption early next month. Citing a cash crunch, Lime froze withdrawals from a trade...