Kubera Cross Border Fund has released results for the year ended 31 December 2015. The value of the Fund’s net assets decreased from US$ 56.90 million to US$ 55.33 million during the year. The Fund’s net asset value has remained fairly constant at around US$ 0.50 between 31 December 2014 and 31 December 2015. The Fund’s share price decreased from US$ 0.26 as at 31 December 2014 to US$ 0.20 as at 31 December 2015. The discount of the Fund’s share price to NAV increased from 50 per cent as at 31 December 2014 to 60 per cent as at 31 December 2015.
The Manager, with the support of the Board, continues to explore every possibility of realizing value in the remaining holdings of the Fund. Apart from individual company sales processes, the Fund continues to also examine a full portfolio sale. There is no guarantee that any of these efforts will result in a positive outcome.
There is no information on the portfolio in the statement!
KUBC : Not much to report at Kubera