•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Komfie Manalo, Opalesque Asia:

Global alternative investment management firm MR Capital Management Ltd is shifting its focus to the booming Asian economies and following the bandwagon of other major hedge funds drawn into the region.

Mohannad ALRashoudi, Fund Manager of MR Capital’s Global Consumer Loyalty said the major shift in its traditional portfolio is in recognition of the improved industrial activities of Asia vs. the obvious growth slowdown in the developed countries of the west.

ALRashoudi said he is particularly interested in diverting a significant amount of MR Capital’s portfolio into South East Asia. He commented: "Our screening unintentionally takes us to Southeast Asia. Although we mainly focus on company fundamental analysis, we are happy to land in high labor productivity regions, large consumer bases, and unsaturated markets for our durable and cyclical selections. Generally, we prefer to be in industrial focused economies over service based."

Indeed Southeast Asia is seen to provide a major boost to the global economy amidst the looming threat of a new round of recession coming from the worsening European debt issue. Intra-trade between members of the Association of Southeast Asian Nations (ASEAN) grew to US$470 billion in 2008, $376.2 billion in 2009 and $519.7 billion in 2010. ASEAN’s total trade totalled 25% of the world’s total amounting to US$2.04 trillion last year.

However......................

To view our full article Click here