From Precy Dumlao, Opalesque Asia:
The Navigator Absolute Return Fund is maintaining its winning streak with consistent positive returns since inception in March ’08 after posting 0.67% in May (+3.29% YTD). The fund has returned 61.85% since inception, annualizing 9.61% (100% positive months).
The Navigator Fund, an offshore commodity trade finance fund that underpins South America's leading export role in the soft commodities global marketplace, had $176.44m in assets under management as at end May 2013, up by almost $46m since July 2012 when its assets closed at $122.35m.
The fund is also undergoing two significant changes. In a statement, Lumix Capital said that BAF Capital AG, based in Switzerland, would become the Investment Manager of the fund as of July 2013. Currently, it is BAF Capital Ltd. (G......................
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