SWEDISH FAITH IN THE PHILIPPINE ECONOMY (source: ScandAsia) Patrik Brummer, founder and chairman of the Swedish hedge fund Brummer & Partners, expressed his faith in the Philippine economy over the next decade when he on 9 July introduced a new $120-million Navegar Fund dedicated to invest $10 million to $20 million each in eight to 10 mid-sized Philippine companies over the next five years. Navegar Fund is looking to invest in consumer finance, food, apparel, retail, healthcare, real estate, business process outsourcing, tourism, education and manufacturing. The 64-year-old former banker established Brummer & Partners in Stockholm in 1996 with a $50-million capital. The group’s total assets now amount to $15 billion. Before establishing his own company, Brummer worked for 22 years at the Swedish investment bank Alfred Berg.
Posted on: Mon, 29 Jul 2013 08:19:26 +0000