HedgeCo.Net (West Palm Beach) – Dubai International Capital is planning to invest $5 billion in the emerging Asian markets, as part of a three year plan, says Chief Operating Officer Anand Krishman. The money will be invested in comapnies throughout China, India and Japan.
DIC currently manages $13 billion in assets, and plans to double that in the next three to four years could be dependent on their performance in Asia.
"Clearly because of the growth in emerging markets, we believe companies having exposure to emerging markets will grow significantly as well," explained Krishman.
DIC also may raise their current stakes in companies like Sony Corp, HSBC holdings and European Aeronautic Defense & Space. While they recently made a “substantial investment” in Sony, the exact amount is unknown.
"If it makes sense for us from a returns perspective and we can get it at the right pricing, absolutely. We would look at any one of the stocks that we have invested in," Krishman said.
Dubai International Capital LLC is an investment arm of Dubai Holdings. They invest in companies based in North America, Europe, Asia, the Middle East, and North Africa. It is owned by the ruler of Dubai, Sheik Mohammed bin Rashid al-Maktoum
Julie Scuderi
Contributing Editor for HedgeCo.Net
Email: julie@hedgeco.net
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