Korea grants collective investment business licence to Cosmo

Fri Jan 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...

ISSN: 2151-1845 / CDC10004H

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