Fri, Sep 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Duterte presidency in the Philippines offers opportunities, continued growth - hedge funds

Wednesday, May 11, 2016

Komfie Manalo, Opalesque Asia:

Contrary to what his rivals have been saying during the campaign period, foreign investors, particularly hedge fund managers, are not worried of an impending Rodrigo Duterte presidency in the Philippines.

Indeed, fund managers who are investing in Philippine stocks are telling their clients not to worry as the Philippines has strong economic fundamentals and that the World Bank described Manila as a rising Asian tiger. A Duterte presidency could even present a buying opportunity, reported Bloomberg.

The report quoted Civetta Capital managing director Alex Klein Tank, a hedge fund manager based in Bangkok, as saying, "Politics in Southeast Asia are always volatile and unpredictable. But we stick with the fundamentals and I don’t think the growth trajectory on the Philippines will be derailed by the election."

Around 40% of Civetta’s long-only equity fund portfolio is invested in four companies in the Philippines, including conglomerate San Miguel Corp., construction giant EEI Corp., low-cost housing developer 8990 Holdings and mobile e-commerce company Xurpas Inc.

Tank added that while it is normal for foreign hedge funds to get nervous during presidential transition, things are expected to return to normal quickly and the Philippines will continue its upward trajectory.

T......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover