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Lee Ka Shao From Komfie Manalo, Opalesque Asia:
Hedge fund managers who participated at the Opalesque Singapore Roundtable, sponsored by Eurex and SunGard, agreed that it might take another 20 years to change the investment attitude of Asians, particularly the regions high-networth individuals and wealthy families.
The Opalesque Singapore Roundtable was held in early May.
"While a lot of money is invested in Asia, a good amount is actually recycled money, meaning the funds were created through excess savings in Asia, and then, for a long time already, those funds were channelled out to Western institutions outside of Asia, who then reinvest them back
into Asia," declared Lee Ka Shao, the chief investment officer of Cavenagh Capital, an Asian centric discretionary global macro fund, focusing on trading of foreign exchange, rates and derivatives market in Asia.
He added, "This circular flow has been going on for a while now, and I believe we need to have another, shorter circle where Asian savings, both at the individual and the institutional and sovereign level, will have to start being comfortable in investing directly into Asia through Asian funds. We are still at the early stages of this investment route, ...................... To view our full article Click here
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