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Article: 2 Fates for 2 Funds in Rocky Southeast Asia
- Article from:
- International Herald Tribune
- Article date:
- March 25, 2000
- Author:
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THOMAS CRAMPTON
International Herald Tribune
03-25-2000
THE FEW CAPITAL funds created to allow access by retail investors to mainland Southeast Asia were meant to profit from opportunities in the newly opening economies of Burma, Cambodia, Laos and Vietnam. But as growth foundered during the recent economic crisis, they failed to develop stock markets, making it difficult for venture capitalists to exit early-stage investments.In this climate, two prominent regional venture-capital funds for retail investors took a pounding.Now, the $29 million Greater Mekong Capital Fund, run by Crosby Asset Management, is liquidating after investing only $9 million. The $21 million Southeast Asia ...