Fondul is starting 6th buyback program

Fondul just announced that the 6th buyback programme will commence tomorrow Sep 9th; up to 891.7mn shs may be bought back until Nov 15 2016; buyback is applicable to both shares and DRs. Goldman Sachs is the agent for the buyback. THey can buy up to 25% of daily volumes

Interesting oil play

One of my smaller positions: LONDON, May 20, 2015 /PRNewswire/ — Argentina is quickly becoming the venue for the next shale boom, and now the race is on to get in on the oil and gas potential, with Russian Gazprom staking out the place, while investors wonder how they can play this momentous game. IfContinue reading “Interesting oil play”

Paul Singer increases his stake in the largest closed-end fund in the world

Paul Singer today reported that Elliot Associates increased their shareholding in USD 3.1 Billion Romanian investment fund Fondul Proprietatea,  the largest closed-end fund in the world to 20.01%. Elliot is the largest shareholder of the Fund and the position represents one of the largest positions in its portfolio. The fund currently trades at 25% discountContinue reading “Paul Singer increases his stake in the largest closed-end fund in the world”