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Korea grants collective investment business licence to Cosmo

January 20, 2012  



Hahn Sull
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 licence to the firm’s 70.1%-owned Seoul-based subsidiary Cosmo Asset Management.

The licence, which was granted on 16 November by Korea’s Financial Services Commission, will also enable Cosmo to manage...

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