Thai Fund (TTF) : Gramercy Funds Management reduced its stake in Thai Fund by 2.9% during the most recent quarter end. The investment management company now holds a total of 646,462 shares of Thai Fund which is valued at $5,481,998 after selling 19,304 shares in Thai Fund , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Thai Fund makes up approximately 2.19% of Gramercy Funds Management’s portfolio.
Other Hedge Funds, Including , Cornerstone Advisors Inc added TTF to its portfolio by purchasing 11,167 company shares during the most recent quarter which is valued at $94,696. Thai Fund makes up approx 0.02% of Cornerstone Advisors Inc’s portfolio. Deschutes Portfolio Strategy added TTF to its portfolio by purchasing 104,492 company shares during the most recent quarter which is valued at $851,610. Thai Fund makes up approx 0.45% of Deschutes Portfolio Strategy’s portfolio.
Thai Fund closed down -0.04 points or -0.48% at $8.32 with 7,593 shares getting traded on Friday. Post opening the session at $8.31, the shares hit an intraday low of $8.29 and an intraday high of $8.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
The Thai Fund Inc. is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies. The Fund integrates top-down sector allocation and bottom-up stock selection with a growth bias. The Fund invests in derivative instrument and unregistered or restricted securities. Its sectors of interest include industrials consumer discretionary utilities telecommunication services materials energy consumer staples financials health care and information technology sectors. The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds. Morgan Stanley Investment Management Inc. serves as the Fund’s advisor. Morgan Stanley Investment Management Company serves as the Fund’s sub-adviser.