Sunday, 29 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As 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…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…