London’s Matterhorn IM set to launch Asia hedge fund

Matterhorn Investment Management, a $400m London-based hedge fund, is to launch an emerging-markets hedge fund next year targeting South-east Asia.

Matterhorn hopes to raise $30m for the new fund, which will focus mainly on banking, consumer and infrastructure opportunities in in Indonesia and the Philippines. Matterhorn believes government spending on infrastructure and the region’s banking system are key opportunities.

Paul Bate, founder of the firm, told The Wall Street Journal: “I have seen absolutely enormous change. There are a very large number of companies that have very good prospects because it is such an early stage and they have so much more growth to go.”

The region has already seen a lot of growth, but plenty of opportunities remain. He said: “There are plenty of slightly less-well-known stocks where their growth is not priced in.”

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