Smart money

ION Asset Management has made quite an impression managing its Israel long/short equity fund, chalking up 34.7% net in its first year to 30 June. David Walker spoke with ION's co-founder Stephen Levey (pictured below) to find out more...

What is the general rationale for an investor putting part of their allocation into Israel?

Israel offers a unique investment proposition: on the one hand, the economy is growing at emerging market's style growth rates - 5%-6% per annum - while at the same time the economy is underpinned by what we like to call a 'Silicon Valley on speed'. It is hard to find another country on the planet - emerging markets or otherwise - with the same amount of technological innovation as Israel. We also note

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