Asia has seen some major hedge fund activity recently, China and South Korea now hold more than a trillion dollars in reserves between them, and even companies like Gazprom in Russia and Samsung in South Korea have emerged as global conglomerates that are among the world’s largest companies.
Hedge funds that invest in these emerging markets took in some of their highest sums, bringing this year’s figure to $33 billion, already outpacing last year’s record $20 billion, according to EmergingPortfolio.com, and foreign investors have only just started to dip into the market recently.
In 2002, Ahmad worked for Goldman Sachs in Taiwan and said that many Taiwanese CFOs are more receptive to new ideas and higher levels of risk. This may be where he got the idea to strike out on his own in the hedge fund management business.
The speculation is that medium-sized enterprises can’t rely on pricey investment bankers like Goldman, but deserve attention, and often don’t have the access to international capital. With a self managed hedge fund, Ahmad wont have to go to the dollar bond market, or make torturous contractual arrangements with a larger tech firm, to finance his bets.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: [email protected]
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