Peter Elam Håkansson: A long-term love affair
By Oonagh Leighton
THE BALKANS MIGHT seem like forbidden territory for many investors but the region holds no fears for Peter Elam Håkansson. He is poised to launch an equity fund in the region, his second in as many years.
“There is still a lot of privatization left to be done in the Balkans and we see a lot of investment opportunities in the region. Just look at Bulgaria, where the privatization of the Bulgarian Telecommunication Company last year boosted the stock market by 40%. This fund will capitalize on opportunities like that,” says Håkansson, who is chairman and founder member of East Capital Asset Management in Stockholm.
The 43-year-old is no stranger to these frontier markets. With close to $1.2 billion invested in the Balkans, via several investment vehicles, East Capital is one of the biggest investors in the region. It is also...
