Newport Introduces Asia Pacific Fund
May 24, 1999
Newport Fund Management of San Francisco has introduced the Newport Asia Pacific Fund which will invest in companies throughout Asia. The fund will be co-managed by David Smith and Christopher Legallet. Smith will concentrate on Japan while Legallet will focus on all other countries in the Pacific Rim.
"While there is still a great deal of uncertainty in the region, many Asian corporations are restructuring with a focus on enhancing shareholder value," Legallet said in a statement. "With the valuation of U.S. stocks at all-time highs, many investors are seeking to diversify outside the country."