FUND MANAGERS GREETED Vietnam’s arrival on the investment scene 10 years ago with substantial commitments of capital and massive optimism. Within a few years, the optimism had disappeared, along with the managers and most of the capital. Chris Freund, managing director of private equity fund Mekong Capital, based in Saigon, has more cause than most to remember the mass exodus. “I opened the Templeton office here in 1994 and closed it in 1998,” he says.
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