Leopard Capital Asia Frontier Fund Down 0.3% In July

Aug 20 2012 | 9:19am ET

Leopard Capital’s Asia Frontier Fund was down 0.3% after fees in July 2012, putting it down 7.2% year to date.

The Cayman-domiciled private equity firm says in its monthly newsletter that LAFF received “considerable new capital inflows,” in July, enabling it to take larger positions in “consumer-related stocks.”

Within the consumer sector, the fund is focusing on breweries, holding six brewery stocks, including three in Vietnam and one each in Mongolia, Sri Lanka and Pakistan. Leopard is counting on rising disposable income in the region to increase demand for beer.

LAFF increased its exposure to Vietnam generally during July, anticipating a “surge in liquidity and positive re-rating” of the country’s stock markets once the State Securities Commission follows through on a plan to liberalize regulations on foreign ownership and trading.

The investment committee sees opportunities in Pakistan and Vietnam’s agribusiness and food sectors and Papua New Guinea’s emerging oil and gas industry.

As of July 31, LAFF was invested in 62 shares, one closed-ended fund (with 50% discount to NAV) and one GDR (with a 43% discount), and held 7.5% in cash. LAFF holds stocks listed on the exchanges in Bangladesh, Hong Kong, Laos, London, Mongolia, Pakistan, Papua New Guinea, Singapore, Sri Lanka and Vietnam.

 


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note