Korea grants collective investment business license to Cosmo
Tue Nov 29, 2011
Korea has paved the way for the Sparx Group to introduce its
hedge fund products to high-net-worth individuals and
institutions in the country after granting a collective
investment business license to the firm’s
70.1%-owned Seoul-based subsidiary Cosmo Asset Management.
The license, which was granted on 16 November by
Korea’s Financial Services Commission, will also
enable Cosmo to manage mutual funds as well as private
placement funds for Korea’s domestic retail market
and also allow the group to introduce hedge fund products from
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active AsiaHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial or subscribe to AsiaHedge.
Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.