Korea’s strange new market trendsetters

In the Korean stock market, there is usually a leader – one or a small handful of portfolio managers whose performance wows the rest of the pack. Right now, arguably that role is being held by a pair of investment advisory companies, essentially brokerage-type, private investment schemes. And questions are arising as to their investment skills. These two are Cosmo Investment Management – which is owned by Japan’s Sparx Group and is well known to global investors for its long/short…