Emerging markets pose regulatory obstacles and provide fewer trading options but offer the biggest opportunities.
When Lou Gerken first started investing in Asia in the mid-70s as an investment professional at London’s GT Capital, Sony was a small-cap stock and Japan was considered a risky, emerging market. Today, Gerken is chairman of San Francisco-based hedge fund Gerken Capital, a registered investment adviser with $1.4 billion under management in alternative assets, and Japan is now considered one of Asia’s mature markets, along with Australia, Singapore and Hong Kong, on par with the US and Europe,
“Hong Kong and Taiwan are completely G7-compatible,” says Gerken. “Administrative and operational infrastructure is in place and being rapidly developed.”
The pace is even faster than â€¦