A REFLECTION : "Bernie Madoff is a longstanding leader in the financial services industry. He will fight to get through this unfortunate set of events. Madoff's attorney, Daniel Horwitz [Private Equity[ Fundraising [for emerging market like Cambodia.
EMERGING MARKETS: Many first-time private-equity funds sprang up in developing countries like India and China, which appear ‘less severely’ affected by the meltdown Tuesday, Dec 23, 2008BLOOMBERG Private-equity investors raised a record US$63.5 billion this year to buy companies in the developing world, especially in Asia, even as the pace of fundraising slowed amid the global financial crisis.Private-equity funds focusing on emerging markets raised 7 percent more money this year, compared with the year-on-year increase of 78 percent last year, the Washington-based Emerging Markets Private Equity Association said.“We’re seeing a leveling off in growth after several years of very dramatic increases, but have yet to see a decrease in capital being raised,” Sarah Alexander, president of the industry group, said an e-mail to Bloomberg News.Private-equity investors have pushed into new markets as credit dried up after the US subprime mortgage market collapsed, slowing deal-making in the US and Europe. Announced private-equity deals, excluding aborted transactions, shrank to US$207 billion worldwide this year, less than a third of the US$674 billion last year, data compiled by Bloomberg showed.The funds focusing on Asia, excluding Australia, New Zealand and Japan, have raised US$37.1 billion since Jan. 1, accounting for 58 percent of total fundraising in emerging markets, said the industry group, whose members include private-equity fund managers and institutional investors.Investors putting money in emerging-market funds “still have capital to commit in 2009,” Alexander said.Investors see higher growth potential in developing markets, she said.Funds that have come to the market in the last six months, particularly first-timers, will likely face a “much more challenging fundraising environment” amid the worst financial turmoil since the Great Depression, Alexander said.“It’s reasonable to assume that the fundraising cycle will grow longer — potentially taking 18 months or more to achieve a final close on a fund,” she said.Leopard Capital Ltd, which is targeting a US$100 million fund to invest in Cambodia by March 31, has raised only about a quarter of the amount this year.“Next year, the world’s investment pie will be smaller and investors will be more discriminating on what fund strategies they back,” Phnom Penh-based Douglas Clayton said.Many of the funds that managed to raise money in the second half of the year have already drawn commitments from investors “for some time” as they have been attempting to raise capital for at least a year, Alexander said.Dhaka-based Asian Tiger Capital Partners, which aims to raise a US$50 million Bangladesh-focused private-equity fund, and Frontier Investment & Development Partners, which is seeking to raise US$250 million to invest in Cambodia, postponed their plans till next year.Morgan Stanley Capital International’s Emerging Markets Index, a benchmark for equities in 24 developing nations, tumbled 53 percent this year.Many of the first-time funds in emerging markets have sprung up in India and China, the world’s two fastest-growing major economies, and are seeking capital from local institutional investors that have been “less severely” affected by the global equity rout, Alexander said.Actis Capital LLP, based in London, raised US$2.9 billion for an emerging markets private equity fund, which will allocate US$1 billion to India and US$600 million to China. New York-based Citigroup Inc said in May it raised US$500 million to invest in roads, ports and utilities in India. Date: Mon, 22 Dec 2008 08:25:39 -0800 Chinese man arrested in Cambodia on terrorism charges The hostage, a Chinese woman, was rescued by police and taken to hospital (Photo: Chulthea, Koh Santepheap)The hostage taker stabbed himself while trying to commit suicide (Photo: Chulthea, Koh Santepheap)Dec 22, 2008DPA Phnom Penh - A Chinese national was arrested and charged with kidnapping and terrorism offences in Cambodia, national media reported Monday.Police on Sunday arrested Hour Ming, 33, after he allegedly held hostage Seang Youhour, 34, for 13 hours in his house in the capital Phnom Penh and threatened to set off a bomb if officers tried to raid the building, The Phnom Penh Post reported.The man slashed the victim's face with a knife and stabbed himself in the chest as police raided the house early Sunday morning, officials said.Police said the suspect and the victim were being treated in a Phnom Penh hospital. Click to Read More... WHILE CAMBODIA REMAINS OCCUPIED BY VIETNAM AND UNDER THE VIETNAMESE PUPPET KING SIHAMONI.THE CHINESE & MAFIA are allowed to run the Casino and drug smuggling in Cambodia , to destroy the entire social fabrics of the Khmer society from 1990-2003. Rendering the Chinese investors as the new colonialists, the Pirates in the country . Monday, December 22, 2008 Hun Sen tackling slot machines [-Rong Chhun: Hun Sen made a lot of announcements but his subordinates never follow up on his orders] 20 Dec 2008By Ky Soklim and Romain RogetCambodge Soir HebdoTranslated from French by Luc SârClick here to read the article in French The Chinese culture promotion of alcohol drinking,gambling, casino ,drug smuggling and sex industry and slavery have destroyed the entire Cambodian social fabric. CONSEQUENCES : SEX TRADE, PROSTITUTION, SEX INDUSTRY,violence,aid disease, HIV ,slavery.....The Chinese are producing 100,000 prostitutes in Cambodia, one third are underage . With prostitution ,they have introduced drug smugglings in Cambodia.The Chinese are running brothels, importers ,distributors & promoters of wine & alcohol drinking, running Hotels, restaurants, KaraoKe bars.The Chinese with multiples nationalities, coming under the label as foreign investors, are in fact the EVIL IN THE LAND OF CAMBODIA ..They came to destroy Cambodia. THEY ARE THE NEW COLONIALISTS .The Thai Chinese are the lowest creature on earth in Cambodia ( see the Thai Chinese group the Teng Bunma with their promotion of drug consumption, prostitution, illegal logging..) THE CHINESE LEADERS ARE LIARS AND CHEATER AS OF TODAY. March 22, 1970 Prince Sihanouk meets with Zhou Enlai in Beijing and is told: "... China is determined to support Your Highness until Your Highness returns to his own country in victory. So long as Your Highness is determined to fight to the end, it is for certain that we will provide Your Highness with our support.... Prince Sihanouk REPLIED : "With China's support, I will persist in the struggle. No matter how long the struggle will last and how many difficulties it will endure, I will never yield." IN 2008 AS MAO TSE TOUNG COMMUNIST AGENT , NORODOM SIHANOUK ENDS UP LIVING ON THE CHINESE COMMUNIST WELFARE IN CHINA, LEAVING HIS COUNTRY OCCUPIED BY THE VIETNAMESE COMMUNISTS . _________________________________________________________________ Send e-mail faster without improving your typing skills. http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_speed_122008 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. 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