Thursday, 27 August 2015
Last updated 47 min ago
Sep 26 2012 | 8:42am ET
Leopard Capital’s Asia Frontier Fund was up 0.9% after fees in August 2012, thanks, in part, to the strong performance of four of its Pakistani investments.
In its monthly newsletter, the Cayman-domiciled private equity firm says the four Pakistani companies—in the consumer staple, cement and power sectors—reported double-digit earnings, benefiting in part from robust growth in the overall Pakistani economy.
The firm also did well with its Vietnamese investments in August, despite the 4.5% tumble of the Ho Chi Minh Stock Exchange following the arrest of two senior Asia Commercial Bank officials.
Despite its August gains, however, the fund remains down 6.4% year to date.
As of August 31, LAFF was invested in 72 shares, one closed-ended fund, one GDR and held 3.7% in cash. During the reporting month, the fund bought seven new Vietnamese stocks, two Pakistani stocks, two Sri Lankan stocks and sold one Pakistani automobile wholesaler/assembler at a profit of 6%
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…