Since its inception in March 2000, the Atlantis Kosdaq Fund, which its manager claims is the worlds only offshore fund dedicated to investing in Koreas second board, Kosdaq, is down nearly 42%. So why is Peter Irving, CEO at Atlantis Investment Management, smiling
Korea is hot, not so much because its a fad although some may argue that but because it has restructured and its economy emerged from the cauldron of the Asian financial crisis stronger than ever. This is reflected in the six-month returns on the Atlantis fund, which has posted a 37% gain. Irving believes the Korea story is sustainable.
Based in London, he was the Korea portfolio manager...
