LR Global Partners Starts Sri Lanka Unit on Growth Prospects

LR Global Partners, the New York- based money manager that specializes in developing markets, has set up an asset management unit in Sri Lanka to benefit from expanding economic growth after the end of the South Asian island’s 26-year civil war.

LR Global plans to put $20 million in an initial round of investments, Managing Partner Don Laguardia said in an interview in the capital Colombo.