VinaCapital to focus on organic growth
CEO Don Lam says the company has no plans to launch onshore funds for now because local investors generally still prefer to invest directly in stocks.
Boutique fund management company VinaCapital, which has grown from managing $10 million in Vietnam in 2003 to $1.9 billion, is stepping on the brakes for new portfolio launches for now and focusing instead on organic growth.The company, led by CEO Don Lam, manages four offshore funds: its flagship $840 million Vietnam Opportunities Fund, the $635 million Vinaland Fund, the $400 million Vietnam Infrastructure Fund, and the $30 million Draper Fisher Jurvetson (DFJ) VinaCapital Fund. The…
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