Public investment funds: The triumph of technocracy over democracy

Legacy institutions are broken. Frustration has grown around the inability of governmental bodies to manage investments. Concerns over the lacking performance amongst government-sponsored incubators and related organizations remain and stands in contrast to the high political priority to entrepreneurial activity (see here). Consequently, commercial organizations owned or controlled wholly or partly by the government (the ‘parastatals’) are spreading faster than …

Rising venture capital opportunities in emerging markets

The rapid accumulation of wealth in the emerging markets is changing how money is invested. A number of factors in the developed countries as well are forcing this change, subsequently the fact that advantages of investing in listed equities are being questioned in light of corporate scandals and a perception that the markets may no longer serve the interests of ordinary investors.

Economic gravity shifting to emerging markets

In the foreseeable future, the economies of today’s emerging markets will eclipse those of the developed world in size. In the next 5-10 years we will see more global brands coming from fast-growing economies. Take Latin America, with fast-rising brands such as La Martina in Argentina (the next Ralph Lauren?), Havaianas in Brazil (the next Crocs?) and Kidzania in Mexico …