East Capital takes one step further east

As an investor in Eastern Europe the emergence of China as a global economic power has not been left unnoticed to our investment team during all these years, as more and more Russian and Kazakh companies are exposed to the Chinese growth story. Actually we think that understanding China better will add value to our investments in Eastern Europe. The Chinese market itself is emerging as one of the largest equity markets in the world which made this step eastwards a natural one for us to make. We do it through the acquisition of a team that has already a proven excellent track-record, and will keep responsibility of the management of the funds. Their largest fund, the AGI China East Asia Fund will turn 5 on May 9. It has been awarded twice in a row, in 2009 and 2010, the Lipper Europe Funds Awards for Best Fund in its category.

One of the reasons behind the success of Gustav Rhenman, AGI founder and portfolio manager, is that he spends a lot of his time travelling in the region to meet companies and get his own understanding of what the growth drivers and triggers are, in order to do the right stock selection. Doesn’t it remind you of anyone? Indeed, so true to East Capital and according to our own belief in how to maximise returns and minimise risks, hence providing superior results to investors.

Gustav Rhenman’s decision to join forces with East Capital is based on his desire to dedicate most of his time on portfolio management, instead of building a business in fund markets where it is difficult for small players to prevail. He will now be able to do so. On our side we are looking forward to working with the AGI team and to being able to offer a range of funds dedicated to another exciting emerging market.