Ovetii Hires for Sovereign Funds

Released on: October 29, 2007, 7:05 am

Press Release Author: Biz-24

Industry: Financial

Press Release Summary: According to a source, Ovetii has created a new position,
based in Hong Kong, in order to cover sovereign wealth funds and central banks in
the Asia region, a market that is predicted to be worth $5.1 trillion (�3.6
trillion) by 2012.

Press Release Body: Gregory Matthews, Senior Portfolio Manager at Ovetii reportedly
said that the new role was part of the firm�s strategy to expand its institutional
business in the region, and that the new recruit would be working closely with the
company�s other divisions.

This addition to the company follows Ovetii�s growing interest in Asia and its
emerging markets. A source revealed that Research conducted by Ovetii had recently
revealed that Asian central banks had $3.1 trillion in foreign-reserve assets at the
end of 2006, up more than three times from just $1 trillion in 2000.

In addition, Ovetii apparently predicts that, assuming flat or declining
current-account surpluses in Japan and China, Asian reserve assets will grow to $5.1
trillion by 2012, with average annual investments of $321bn per year in global
capital markets.

Web Site: http://

Contact Details: Athens
Greece



Tel No: +30-211-268-6701
Fax No: +30-211-268-6702

www.ovetii.com

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