Brummer & Partners, which manages about $6 billion, set up the Frontier Fund in July to invest in Bangladeshi stocks and private equity. It plans to grow the fund to about $500 million in the next five years, said Khalid Quadir, CEO of the firm's unit in Dhaka. Bangladesh may join the ranks of the fastest-growing economies in the region as it benefits from its geographical proximity to India and China. The nation of 150 million people, equivalent to about half of the population of the U.S., offers a ``huge untapped cheap labor force,'' Quadir, 43, said.
Via Bangladesh Blogger
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