Korea urged to relax hedge fund restrictions

Korean hedge fund-related laws need to be relaxed in line with previously stated plans to stop regulatory restrictions holding back the broader financial markets, according to Kenneth Cho, managing director for North Asia at Permal, a fund-of-fund manager. This would bring Korea more in line with other parts of Asia, where several jurisdictions have opened up to hedge fund managers.

Cho, speaking at Risk Korea in Seoul on May 14, said when he joined Permal four years ago, the Korean regulators

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