Success of Parasite a boon for South Korean hedge funds
The Oscar-winning movie shows why investors are putting their money in alternative investments as global interest rates fall
13 February 2020 - 12:10
Seoul — 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, 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 $11m to make and has raked in $165m so far, and ticket sales are set to climb even more after the award...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.