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Zephyr Management, L.P. is a global private equity and marketable securities firm. Founded in 1994, the firm specializes in the creation and management of highly focused and value added investment funds. Since its founding, Zephyr has sponsored twenty-one investment funds across the developed and developing world, representing approximately $1.4 billion in capital commitments. Each Zephyr fund has a discrete management team which has skills matched to the particular investment opportunity. Plimsoll Mark Capital, LLC, a global wealth advisory firm that focuses on delivering independent high quality investment solutions to individuals, was launched in December 2008 and currently manages over $99 million in assets.
India in Focus
Parliamentary Election results signal path to economic reform
May 17, 2009 marked the conclusion of the month-long general election process in India. The ruling Congress-led United Progressive Alliance (UPA) won a resounding victory, surprising many observers who expected a fractured outcome. The incumbent Prime Minister, Dr. Manmohan Singh, will return for a second term. The margin of victory was large enough to ensure that the government will have a stable, workable majority in Parliament without needing the support of the market-unfriendly Left Front and other regional parties.
Views on the Latin American Region featuring Fernando Donayre and Andres Calderon (06/15/09).
Japan
The rally in global equity markets which began in early March continued apace during May. Japan participated fully, with the TOPIX index rising 7.2% in yen and 10.9% in USD, reflecting a strengthening of more than 3% in the yen.
Developing Markets
The broad emerging market universe continued to fulfill its function as a high beta play on the developed world, and has now risen by around 70% from its low in early March. The rally from the bottom has been one of the most violent in emerging market history.