Several international funds are seeking investment advisory services specifically for Sri Lanka where risks are now very much in line with quantifiable risks of other emerging markets. Amura Consulting, a financial consultancy firm headquartered in Singpore led by Romesh Jayawickrama, and whose clients include Templeton Asset Management, one of the largest emerging market funds in the world with US$30 billion in assets under management, is opening a permanent office in Sri Lanka.
Asian Development Bank, FMO (the Dutch Development Bank) and International Finance Corporation are some entities interested in investing in Leopard Capital Sri Lanka, which will be launching Leopard Sri Lanka Fund LP and Leopard Sri Lanka Value Fund by next year, according to officials.
IMF team in Colombo
Brian Atkens, Chief of Mission at the Sri Lanka desk in the IMF, speaks to reporters at a briefing in Colombo on Friday. Next to him is Koshy Mathai, the IMF Resident Representative in Sri Lanka. Pic by Ranjith Perera
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