asia frontier capital adds to hk team following

Added 30th August 2013

Asia Frontier Capital has made two appointments for its Hong Kong office. It has appointed Ruchir Desai as senior investment analyst and Stephen Friel as marketing director.

asia frontier capital adds to hk team following

Asia Frontier Capital was founded by fund manager and chief executive officer Thomas Hugger after a buy-out of the Leopard Asia Frontier Fund in July.

Desai is already a familiar with Asia Frontier's investments process as he worked with The Leopard Asia Frontier Fund as a summer associate in 2012.

Asia Frontier Capital manages AFC Asia Frontier Fund, which invests in high-growth Asian frontier markets, primarily focussing on consumer, financial and infrastructure stocks.

Desai will support the combined top down and bottom up investment strategy of the AFC Asia Frontier Fund, to identify opportunities in the fast-growing Asian frontier markets of Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar (Burma), Pakistan, Papua New Guinea, Sri Lanka, and Vietnam.

Prior to being in Hong Kong, Desai was based in Mumbai where he spent two years as a senior analyst at HandsOn Ventures, a mid-market private equity group focused on investments in the business services industry. He also worked at Mumbai-based Pioneer Investcorp as a research analyst.

Before joining Asia Frontier, Friel supported the launch of a Hong Kong based hedge fund.

According to the company, the Cayman domiciled AFC Asia Frontier Fund has returned 5.15%, 9.96% and 18.68% on a three month, year-to-date and one-year basis net of fees, beating the aggregate returns of the fund’s Bloomberg peer group which were -7.57% 1.82% and 9.29%, respectively over the same periods.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Leena Dagade

Deputy Editor

Leena Dagade joined Last Word Media as a Deputy Editor for Fund Selector Asia in 2013.

To subscribe to International Adviser's news bulletins and apply for a magazine subscription click below

Editor's Pick

China and Hong Kong open the door to cross-border fund sales
China and Hong Kong open...

Hong Kong and China are to allow cross-border trading...

Old Mutual Global bolsters Asian distribution team
Old Mutual Global bolsters...

Old Mutual Global Investors has announced that Allen...

Bargain hunters should look among GEMs: Ashburton's Hanson
Bargain hunters should...

Emerging markets have been disliked for many good reasons...

Sponsored Content

top

Other Stories From

lastword