Unauthenticated research data hurts regional economy (Interview)

As writing 'research reports' evolves as a part of the larger business strategy of investment management groups and as "deadlines" force some speedy gathering of data, Khaled Al Muhairy, the Evolvence Capital Chief Executive Officer, is not a happy man. Castigating the alarming frequency with which the agencies are publishing reports, he warns that such fancy data is being published even as many of these investment groups do not have dedicated research groups based in the region.

Al Muhairy expects an upturn in the economy in the Gulf after the holy month of Ramadan and cites the rising oil prices as one of the indicators in this regard. Evolvence Capital is interested in private equity, real estate and hedge funds. The company has significant investments in the pharmaceuticals business in India, as well.

How has Evolvence Capital performed in the past six months? Do you see the situation improving now?

We do not have products that have gone below cost. Yes value has come down in certain investments. Our pharmaceutical companies are doing well in a relatively recession-free India. Our investment into education is doing well. I am not particularly excited by private equity. We have slowed down a bit but we are still deploying capital.