Monday, February 15, 2010

Catching Cambodia on the cusp of development

February 14 2010
By Elaine Moore
Financial Times

Douglas Clayton, founder of frontier market fund manager Leopard Capital, has a habit of relocating to the country he believes is on the cusp of development. Right now, his home is Cambodia.
“It’s fun to be in countries that are changing rapidly,” he says. “Cambodia is where Thailand was 30 years ago, and where Vietnam was 15 years ago. There is a lot going on.”
Leopard Capital manages funds in what it calls “overlooked, transitional economies”. It boasts contrarian investor Marc Faber, author of the Gloom, Boom and Doom newsletter, as a non-executive director and seeks to invest in start-ups as well as existing businesses in South East Asia.

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