Bloomberg – Ananda Siregar, a 31-year-old, first- generation entrepreneur, has given up a cushy hedge-fund job to plunge into business.<\/p>\n
And that makes him something of a rare breed in Indonesia.<\/p>\n
In September, Siregar will take a leap of faith by opening the first of what he hopes will grow into a chain of multiplex theaters in the archipelago, which at present has just one large cinema operator.<\/p>\n
In the process, Quvat Management Pte, a new private-equity fund that’s backing Siregar, will risk its money on a start-up.<\/p>\n
And that, too, is uncommon in an economy where true risk- taking has, for the last several years, played second fiddle to making quick returns from increasing the value of existing businesses.<\/p>\n
Distressed banks and coal mines, the flotsam of the 1997-98 financial crisis, have brought immense profits to global investors. At the same time, the flow of funds into genuine, job- creating entrepreneurship has suffered.<\/p>\n