Dan Gold’s QVT Financial Reduces Stake in LSE-listed Pacific Alliance China Land Limited (PACL)

A new filing revealed Daniel Gold‘s QVT Financial reducing its position in London Stock Exchange’s AIM-listed company Pacific Alliance China Land Limited (LON:PACL). QVT has cut its stake to some 4.58 million shares, from 6.58 million held previously. The new stake amasses 3.52% of the company’s voting rights.

QVT Financial

Pacific Alliance China Land Limited is a closed-end investment fund. Its main objective is to provide shareholders with a steady capital growth and level of income from investments in different projects such as properties, new developments and real estate companies in China. Earlier this month, the company stated that at the end of February, the net asset value of the fund amounted to slightly above $2.42 per share. The stock of Pacific China Land Limited edged up by around 2% since March 2012, and trails a P/E of around 11.xx.

QVT Financial was one of the largest shareholders of Pacific Alliance China Land Limited, previously holding a stake equal to almost 5.1% of the company’s voting rights. Another shareholder is Israel Englander‘s Millenium International Management, which at the end of January held 11.53 million shares of the company, equal to 8.9% of the company’s voting rights.

Daniel Gold through QVT Financial manager around $5.0 billion in assets under management. The fund uses fundamental and quantitatively-oriented strategies in order to generate solid returns. In its latest 13F, the fund disclosed an $1.71 billion equity portfolio, focused among several sectors, with Financial and Healthcare amassing the largest portions. Tenet Healthcare Corp (NYSE:THC) represents the most valuable long position of the fund, containing 1.57 million shares, worth $66.16 million.

Earlier this month, QVT Financial disclosed raising its exposure to China Zenix Auto International Ltd (NYSE:ZX), to 24.3 million shares, from 14.2 million, the new stake amassing 11.8% of the stock.

Disclosure: none

Recommended Reading:

Odey Asset Management Reports Stakes in LSE-listed Companies Boohoo.com (BOO) and Circassia Pharmaceuticals (CIR)

Clinton Group Comments The Wet Seal, Inc. (WTSL)’s Performance; Edges Down the Stake

Charles Davidson, Wexford Capital Sell More Shares of Diamondback Energy Inc (FANG)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!