United States

‘Parasite’ investors rake in big money after Best Picture win

A tiny South Korean hedge fund hit the jackpot when it made a long-shot investment in the surprise Oscar-winning movie “Parasite,” according to a report Wednesday. The Seoul-based fund Ryukyung PSG Asset Management Inc. plunked down $500,000 to help bank-roll the genre-bending satirical thriller and is poised to rake in millions after the award, according to Bloomberg News. The movie by Bong Joon Ho cost $11 million to make — peanuts by Hollywood standards — and has already earned  $165 million at the box office, according to the outlet The flick became the first non-English-language film to ever to win an Academy Award for best picture Sunday, sending box office sales soaring. The movie earned $539,000 on Monday, a 24 perce ...