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Protégé Partners’ Michael Weinberg sees Asia as 'sweet spot’ for U.S. investors

Wednesday, June 10, 2015

Komfie Manalo, Opalesque Asia:

Protege Partners’ chief investment strategist Michael Weinberg said that Asia is fast becoming a "sweet spot" for U.S. investors, as U.S. stocks are expected to lose some steam, reported Reuters.

Speaking at the 2015 Reuters Wealth Management Summit, Weinberg said hedge fund managers in Singapore and Hong Kong can look at opportunities from a huge number of companies in the region that are less closely monitored by analysts.

"There are greater opportunities with less cash chasing them," Weinberg said. He added that Asia has more than double the number of companies with $1bn capitalization than the U.S. and Europe. Hedge fund managers now also have a chance to short many Asian stocks, especially with a slowing Chinese economic growth.

Protege has invested $2bn in smaller hedge funds across the globe and has recently met with several Asia-based fund managers.

He explained that investors can look at 14 countries, including six large economies in Asia when looking for the right company to invest in. There are a number of big corporations and conglomerates in the region that are ripe for consolidations and have the potential to offer huge payoffs.

On a separate note, top Asia hedge fund managers who attended the recent Ira Sohn conference in Hong Kong said they were bullish on Japan’s push to improv......................

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