The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Investing in Asian companies: Hedge fund Harmony runs deep in Asia

Opportunities to invest in deep-value companies in Asia are plentiful but local knowledge is required to assess risk versus reward properly, Harmony Capital’s Suresh Withana tells Helen Avery.

Suresh Withana, Harmony Capital Partners

"Many of the bigger funds wouldn’t get out of bed if they can’t put $30 million to $50 million to work, but we’re happy putting $5 million to $25 million to work" Suresh Withana, Harmony Capital Partners

Harmony Capital Partners is about to join an increasing number of hedge funds moving from the financial district to historic Telok Ayer Street in the heart of Singapore’s conservation area. It’s Singapore’s Mayfair or Greenwich, and the moves indicate just how strongly established the hedge fund community is becoming in Singapore’s financial industry. There are estimated to be 80 hedge funds on the island. Suresh Withana moved to Singapore from London to launch the fund in 2005, with partner John Nicholls, an Asian turnaround management specialist with more than 30 years’ experience. Withana had been a principal at Mizuho International’s global special situations group, overseeing the Asia Pacific region based in London. The firm is also in the process of opening an office in Hong Kong.

Harmony is a pan-Asian special situations fund investing in distressed, stressed or deep-value companies, both public and private, in the small-cap to mid-cap sector.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree