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From Precy Dumlao, Opalesque Asia: The Pangolin Asia Fund, a Singapore-based Asia focused hedge fund managed by Pangolin Investment Management, continues its positive performance for the third consecutive months after it posted +1.77% returns in August (+21.91% YTD).

Pangolin has had a very encouraging year so far, posting positive gains every month except in May when it registered a -5.94% loss. To date, the fund's positive monthly performance gains have been: January 3.08%, February 1.57%, March 4.19%, April 6.44%, June 6.32% and July 3.15%.

In his letter to investors, Pangolin Director James Hay reported that at the end August 2010, the NAV of Class A shares of the Pangolin Asia Fund was $238.78 (net of all fees and expenses), Hays , added that at least 75% of the fund's assets were invested with investments split across the following regions: Indonesia 44%, Malaysia 33%, Singapore 13%, and Thailand 10%.

Hays explained that a portfolio move to invest in a consumer company based in Thailand was not influenced by a bullish perspective in Bangkok. In fact, he said he is worried by the political situation in Thailand, blaming its Prime Minister for the deadly rioting and violent dispersal in the capital around March and April.

However, Hays said that investing in consumer products in Thailand would be a profitable business no matter the political situation in the region. "...As long as whate......................

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