Type Limited company Founded 2013 | Industry Investment companies Founder Thomas Hugger | |
Headquarters Hong Kong
Cayman Islands Key people Thomas Hugger
Andreas Vogelsanger
Ruchir Desai
Peter de Vries
Scott Osheroff
Ahmed Tabaqchali | ||
Asia Frontier Capital Ltd. is an investment company created by a management buyout of Leopard Capital by the former CFO and COO, Thomas Hugger, at the end of May 2013. Leopard Capital Management Ltd. was subsequently renamed Asia Frontier Capital Limited. The company manages the AFC Asia Frontier Fund, AFC Iraq Fund, and AFC Vietnam Fund. All funds are open-end funds under the AFC Umbrella fund for US investors or AFC Umbrella fund (non-US) for investors outside from the US. Investors can subscribe or redeem the funds monthly at net asset value.
Contents
These type of funds invest specifically in the frontier markets asset class and aims to capture returns by managing a portfolio of stocks in high growth markets.
AFC Asia Frontier Fund invests in listed equities from Bangladesh, Bhutan, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam.
AFC Iraq Fund invests in companies from Iraq and Kurdistan listed on the Iraq Stock Exchange (ISX) or listed at any other stock exchange.
AFC Vietnam Fund invests in companies listed on the Ho Chi Minh City Stock Exchange or Hanoi Securities Trading Center.
The current directors are Baron Alexander Andrew Macdonell Fraser, Thomas Eugen Hugger and Henry Looser. Among the shareholders are Marc Faber, Baron Alexander Andrew Macdonell Fraser and Thomas Eugen Hugger.
Asia Frontier Capital Limited subsidiary Asia Frontier Investments Limited, Hong Kong, is licensed by the Hong Kong Securities and Futures Commission "SFC" for Type 4 (Advising on Securities) and Type 9 (Asset Management) and is the company's headquarters.
Awards
AFC Asia Frontier Fund was named "New Fund Launch of the Year" in the 2014 Acquisition International M&A Awards. In 2014 Asia Frontier Capital Ltd. received also the awards for "Asia - Boutique Fund Manager of the Year" and "Asia - Niche Fund Manager of the Year" from ACQ Magazine, "Fund Management Firm of the Year - Hong Kong" and "AFC Vietnam Fund - Best Fund of the Year" from "Alternative Investments Awards". AFC Asia Frontier Fund CHF A share was among "The Top 20 Performing Hedge Funds Globally" by Preqin. AFC Asia Frontier Fund was also voted "Best Performing Asia Pacific Equity Fund" in 2015 and AFC Vietnam Fund "Best Performing Equity Fund - Vietnam", both by Acquisition International. Asia Frontier Capital also received in 2015 from Acquisition International "Iraq Investment Specialist of the Year".
On 26th November 2015, Thomas Hugger, fund manager of AFC Asia Frontier Fund was ranked as #1 in "top-performing frontier markets equity fund manager over 36 months" ranking by Citywire Global.
AFC Vietnam Fund received on 19th September 2016 the HFM Hedge Fund Awards 2016 in the relative value category.
Recent Developments
Citywire Selector praised Thomas Hugger on 8th March 2016 in its report as the "lone frontier market manager who made money in the past 12 months".
In September 2016 Asia Frontier Capital (Vietnam) Limited opened its representative office in Ho Chi Minh City, Vietnam to further boost its research capabilities in the country.