Wednesday, 24 August 2016
Last updated 12 hours ago
Feb 9 2010 | 10:38am ET
Legendary hedge fund manager and commodities investor Jim Rogers has been outspoken about his belief that the future of investing lies in Asia. Now, the famed contrarian investor is turning his sights onto a corner of Asia that gets very little attention from overseas.
Rogers, who co-founded the Quantum Fund with George Soros, has joined Leopard Capital’s Sri Lanka advisory council, along with Marc Faber, whose Gloom, Boom and Doom Report newsletter covers unusual investment opportunities around the world. And it doesn’t get much more unusual that Sri Lanka, which is perhaps best-known in investing circles as the birthplace of Galleon Group founder and alleged insider-trader Raj Rajaratnam.
Leopard, a frontier market private equity firm, has launched one Sri Lanka fund and is readying a second. Rogers and Faber will advise the new funds.
Rogers moved to Singapore in 2007. At the time, he said, “If you were smart in 1807, you moved to London. If you were smart in 1907, you moved to New York City. And if you are smart in 2007, you move to Asia.”