Leopard Capital Asia Frontier Fund Up 0.9% In Aug.

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%


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