Financial Services Commission to Announce Lime Fund Due Diligence Results on the 14th
[Asia Economy Reporter Park Jihwan] Lime Asset Management will announce the due diligence results of two master funds, 'Tetis 2-ho' and 'Pluto FI D-1', whose redemptions were postponed on the 14th.
On the 6th, the Financial Services Commission announced that Lime Management plans to announce on the 14th the expected profit and loss adjustments for the master funds and the expected profit and loss of the redemption-delayed funds based on the due diligence results. The master funds undergoing due diligence are Tetis 2-ho and Pluto FI D-1. Due diligence is currently underway for Pluto TF, which invested in overseas companies.
A Financial Services Commission official stated, "We have been managing the entire process, including establishing and implementing repayment and redemption plans, in an orderly and fair manner," and added, "We plan to closely monitor from the perspective of investor protection."
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On the same day, financial authorities are also expected to announce improvements to the private equity fund system based on issues found in some private equity funds and the results of the private equity fund inspection conducted from November 2019 to January 2020.
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