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From Precy Dumlao, Opalesque Asia:
Kaizen Fundamental Value Fund, one of the funds offered by Nassau-based Magnum Fund Management Ltd, returned 2.1% (est.) in November (+38.9% YTD), compared with S&P 500 and Nasdaq indices which were flat that month (and up 7.9%, 11.2% YTD respectively).
Roughly 85% of Kaizen Fund’s current portfolios are in oil, mining, specialty chemicals and agricultural businesses. These companies are primarily U.S., Canadian and U.K. domiciled. Kaizen runs a concentrated portfolio including 12 to 15 investments, is a long-only investor, and uses minimal leverage. “We are buyers of pieces of businesses,” the latest monthly report says.
The fund was launched on June 1, 2006 and has returned 62.8% since inception. It currently manages around $1.7m.
In a letter to investors, David W. Berry, Managing Principal of Kaizen Capital LLC and the manager of the fund, disclosed that the fund bought a new company which is equal to 6.3% of its current holdings. The company, which name was not disclosed but which is said to be planning an IPO later this year, uses a patented Green Chemistry processes to produce bio-based technologies to replace petroleum-ba...................... To view our full article Click here
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