Daftary to Take World by Storm

Star fund manager Manu Daftary is about to launch his first new mutual fund in a decade.

Quaker Global Growth, which may open as early as July 1, will give the market maestro free rein for the first time to invest in the fast-growing markets outside the U.S.

The Daftary says he's looking closely at emerging markets such as India, China, Russia and Brazil. He'll also be free to invest in developed markets. "It's global, so we can go anywhere," Daftary says. In actual dollar terms, China's growth last year nearly matched that provided by the U.S. ...