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From Komfie Manalo, Opalesque Asia:

Sweden’s largest hedge fund manager Brummer & Partners has announced the launch of its private equity initiative in the Philippines. According to the firm’s 48-page annual report, the push to establish its presence in the Philippines actually began in 2011.

Brummer & Partners Head of Communications Jacob Lannerö confirmed the information available in the annual report that a team of experts from the company are in Manila to look for opportunities particularly among unlisted Philippine companies from different sectors.

He said the team would establish the firm’s operations in Manila to launch its private equity fund project.

However, Lannerö did not provide further details of the project, citing legal requirements that prevent the company from further disclosures.

Brummer & Partrners’ Chairman Patrik Brummer commented on the firm’s initiatives in emerging markets, "Brummer & Partners’ primary focus area is hedge fund management, which is the dominant share of the group’s activities and assets under management. Together with experienced local asset managers, Brummer & Partners has also established fund management teams in two emerging markets that are deemed particularly interesting."

He disclosed that since 2008, the company had a presence in Bangladesh, where they manage two funds that invest in listed as well as unlisted growth comp......................

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