Today’s playmakers don’t have the same name recognition as George Soros, (pic) but they are no less powerful. There are three of them: S&P Dow Jones Indices, MSCI and FTSE Russell. Their nondescript names mask their enormous influence. Between them, they design, calculate and manage hundreds of thousands of financial indices that steer capital around the world.
FOR years, hedge fund managers were the undisputed masters of the universe. They influenced the fortunes not just of companies and markets but countries too.
No more. They have been usurped at the top of the financial food chain by a new breed of market savant. Nowhere is the power shift more apparent than in South Korea.
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