The final frontier? Artemis duo buy into Burma

Artemis Global Select managers Simon Edelsten and Alex Illingworth have bought into a Burma-focused real estate firm as they take advantage of an increasingly accessible market.

The managers initiated a small position in Yoma Strategic Holdings six months ago, a Burmese business listed in Singapore which has seen its share price rally as the country's economy liberalises. "Yoma are currently developing a 10-acre site in Burma and they are the main land developer in [Burmese capital] Rangoon," said Edelsten (pictured). Burma held its first elections in 20 years in November 2010, signalling the end of a lengthy period of military rule that began in earnest with a 1962 army coup. Foreign investment has begun to trickle into the country since the EU lifted non-mi...