Korea grants collective investment business licence to Cosmo
Fri Jan 20, 2012
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
ISSN: 2151-1845 / CDC10004H
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