Macro challenges test frontier markets

Rajendra Nair is an investment manager and an India country specialist with JF Asset ManagementÆs Pacific Regional Group in Hong Kong. Together with Mayur Nallamala and David Smith, Nair co-manages the $32 million JF Asia New Frontiers fund. The fund invests both in frontier market-listed companies and those listed elsewhere but benefiting in some way from those markets. As of June, the fund's top country allocations were to Kazakhstan, the Philippines, Australia, Pakistan, Sri Lanka,…