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From Precy Dumlao, Opalesque Asia:
The Nassau-based Magnum Fund Management Ltd has announced that one of the funds it manages, the Kaizen Fundamental Value Fund, has gained 3.5% in April (+3.0% YTD) compared to S&P’s 3.0% returns and Nasdaq’s 3.4% gains during the same month.
The fund has gained 884.27% since February 2003 inception versus 59.36% for the S&P500.
In his communication to investors, David W. Berry, Managing Principal of Kaizen Capital, LLC, and the General Partner of Kaizen Management LP, said that part of the strong returns in April were attributed to the rise in oil prices which were 28% higher in the first quarter of 2011 versus the fourth quarter of 2010.
Kaizen has invested 18.1% of its assets in a company it nicknames "the Big P-M," a Canadian-based exploiter and producer of heavy crude oil. An estimated 85% of the 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.
Berry revealed that...................... To view our full article Click here
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