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Opalesque Exclusive: Hedge fund goes for `real` frontier investing by focusing in `undiscovered` Bangladesh Benedicte Gravrand, Geneva: Bangladesh is the seventh most populous country in the world (145 million) and it is roughly the size of Wisconsin. Labour cost is among the cheapest in Asia, so cheap that it could do a lot of the India’s outsourcing services and China’s textile production for much cheaper. There is also a low level of foreign participation. Bengal Asset Management sees Bangladesh as the next frontier market to come alive.

Mark R. Weiss is the senior managing director at the recently formed fund management company Bengal Asset Management LLC, based in Princeton, NJ. Mark Weiss used to be the marketing director at LW Asset Management for many years. He talked to Opalesque about Bangladesh as a new investing ground in relation to the Bangladesh Opportunity hedge fund which was launched this month.

Political climate since last year Bangladesh is seen as a ‘frontier’ market. It has grown a great lot since independence from Pakistan but the economy remains essentially focused on agriculture and textile exports. The political climate is said to have been uncertain since the overthrow of the democratic government last year. Opalesque asked Mr. Weiss his insider’s view on the opportunities that he sees in this market.

“There is a misconception about the political climate,” Mr. Weiss s......................

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