KoreaÆs FSS mulls hedge funds
The first phase of allowing leverage and shorts should be in place by the end of 2009, says the regulator.
The Financial Supervisory Service of South Korea will work to allow onshore hedging strategies by the close of 2009, says Park Won-ho, the outgoing director of asset management supervision.Every other year or so, executives at the FSS rotate. Park will leave his job but was not able to disclose his next position, nor his successor.He believes the FSS has played an active role in helping develop KoreaÆs mutual-funds industry under his watch. This includes amending laws and regulations …
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