Michael Young From Komfie Manalo, Opalesque Asia:
Newly-launched agro forestry and sustainable resources investment hedge fund Sustainable Resources Fund is looking at possible investment opportunities of up to $100m in agriculture and forestry in the Philippines. Managed by Sustainable Capital Luxembourg S.A. the fundís advisor, Michael Young was exclusively interviewed by Opalesque.
Young, who visited the Philippines recently as part of his Asian tour to do due diligence on prospected projects, revealed he had seen many potential opportunities. He had visited several islands in the country and met with farmers and local businessmen about potential partnership agreements.
"I found several interesting projects," he said and added, "Since our fund launch, we have implemented Phase I of our investment allocations. Phase I involves investing in up to 10 projects with investments between $8m and $12m each project or we could invest all our money in one project. It all depends on how interesting a project is.
"Iím not saying we will be investing everything in the Philippines. Iím saying we could invest one or two projects or all of the $100m in the Philippines or none at all. But so far I am happy with what Iím seeing," Young said.
Young added that he is particularly attracted to teak, a premium wood which is used in yachts and furniture manufacturing as well as in agar, a type of wood that produces a r......................
To view our full article Click here