Caspian Securities: Bolstered against the Asian storm?

With markets so volatile, how is Caspian Securities, the world’s only investment bank dedicated solely to emerging markets, coping with the situation? Fine, according to its founder and chief, Christopher Heath. But others are less sure, especially in the wake of Peregrine’s fall.

Heath’s Caspian sought to allay such fears in December when it informed clients it had bolstered its capital base with an $80 million rights issue. It was originally formed in June 1995 with $50 million of shareholder capital and Heath says this has taken the private company’s capital base to $240 million.