Steadview and Pangolin lead Asia Inc Japan funds


A high dispersion of returns for the first half again reflected the uncertain global environment.

Steadview Capital Master Fund posted a 6.63% return in June to take six-month numbers to 9.61%, while Pangolin Asia saw a 0.43% monthly figure putting six month returns at 8.27%, and Ward Ferry’s WF Asian Reconnaissance was down 3.64% for June to put first half numbers at -3.21%.

BDT Invest Asian Focus had a relatively good month, a rise of 1.9% taking six-month figures to -2.78%. In the fund’s Japanese portfolio SMC Corp rose 10.7%. Factory automation in China remains a strong investment