Weekly Thoughts 20 December 2013

I spent nearly two hours this morning with a fund manager from that Global Consumer Fund I mentioned last week. He is out from Singapore and had the time to spend with me in my office. It was a very interesting time. I learnt a lot about the consumer sector companies they are looking at, how they’ve selected them, what they are looking for and how they will measure them over time. I liked what I saw and will watch and wait for them to be ready to accept client monies. It will be a direct offshore fund, meaning that for a South African investor it will require exchange control money, money already out of the country.