Korea's Cosmo tipped to receive broader AM licence

Jan 5, 2011

Cosmo IM is expected to receive a licence to manage equity, fixed-income and money-market funds. Rumours also persist that it is poised to become majority owned by Lotte Group.

Cosmo Investment Management is being tipped to receive a broader asset management licence from Korea’s Financial Supervisory Service (FSS) this month.

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