Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD
) has recently been added to the equity portfolio of Fosun International Limited. The fund owns 27.7 million shares, which represents almost 11.4% of the company, according to a 13G filing
with the Securities and Exchange Commission. At the current price of PerfectWorld's stock, the position has a value of $554.4 million.
The China-based online game developer Perfect World increased its net revenues to $115.4 million in the previous quarter, from around $110 million for the same period of last year. The net income of the company declined to $13.2 million, versus $25 million disclosed for the second quarter of 2012.
Fosun International Limtited is company with a focus on industrial operations, investment, asset management, and insurance. In the hedge fund world, several managers hold shares of Perfect World Co, according to Insider Monkey's database of 13F filings. A major stake is held by Jim Simons' Renaissance Technologies
, and it is followed by Sureview Capital
, managed by John Wu.
Hedge Fund News: Glenn Dubin, Seth Klarman & Tim Cook’s Dinner Plans
Did Stephen Taub Finally Read One of Our Articles?
Hedge Fund News: Ben Bernanke, Cliff Asness & George Soros’s Housing Bet