The U.S. fund Lone Star has reportedly appointed Citigroup to sell its 51% venture in Korea Exchange Bank, according to an Aug. 18 report from Reuters.

Lone Star paid $1.2 billion for the venture back in 2003. Today, it's worth approximately $3.4 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.