This article appears courtesy of DailyII.com
By Carol Huang 08/13/06
In 1998, as much of Asia teetered on economic and financial collapse, Robert Appleby, a managing director at French bank Crédit Agricole Indosuez, decided to join a partner launching a hedge fund in Hong Kong. To many of his friends and colleagues, it seemed like a crazy move. Markets in Hong Kong, Seoul and Jakarta had tanked, currencies such as the Thai baht and the Filipino peso were in free fall, and ratings on Asian countries’ debt were being downgraded to junk bond status.
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