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From Komfie Manalo, Opalesque Asia:
The Navigator Absolute Return Fund has maintained its winning streak this July with consistent positive returns since inception in March ’08 after posting +0 .72 % gains last month (+5.15% YTD). The fund has returned 51.5% since inception, annualising 9.8%. The sole manager of the fund is BAF Capital.
Navigator Fund, a commodity trade finance fund that underpins South America's leading export role in the soft commodities global marketplace, has $122.35m in assets under management as of end July 2012.
The figure is almost double the fund's assets a year ago, which stood at $63.11m (See Opalesque Exclusive here).
According to Lumix, Navigator gives investors exposure to the returns of soft commodity trade finance (financing exports of soft commodities from the South American region). Trade finance loans are self liquidating (repaid from cash flows of the underlying export transaction), short term (typically 30-360 day, 180 avg), diversified across vari...................... To view our full article Click here
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