What's behind Sparx's Cosmo deal?

Sparx Group, the Ñ1.3 trillion ($12 billion) independent asset manager, is on the hunt to acquire investment boutiques that can deliver a broader range of investment capabilities and deepen its businesses in Asia.Marc Fukami, managing director and head of corporate planning in Tokyo, says the firm is keen to replicate its successes with Seoul-based Cosmo Investment Management and Hong Kong-based PMA Capital Management. Now the firm would like to acquire players with expertise in real …