Potter among managers spreading MENA caution

Gary Potter, co-head of multi-manager at Thames River Capital, said: "Investors must recognise that these truly are emerging markets and can retract significantly over very short periods of time. "Investors should only really be looking to invest in the long term and as only a chink in their portfolio, not as a substantial portion." Last year saw the launch of a number of funds aiming to capture opportunities in North Africa. New Star's Heart of Africa fund has performed well since launch, despite troubles in Kenya and is currently first quartile. More recently we have seen announceme...