Valuation: Buy-back narrowing the discount VNI’s discount has been consistently wide (typically at least 40%) since launch. In part we believe this reflects the illiquidity and valuation uncertainties inherent in private equity, but also the slowdown in GDP growth since the financial crisis. Shareholders approved unlimited share repurchases in July of this year, and since this began the discount has declined from 54% to 42%. The board is reviewing the success of the repurchase programme quarterly
Hi folks, I've included some commentary about VNI, and emerging markets infrastructure projects/funds, here in my review of Russian closed-end funds. Hope you'll take a look and/or comment. http://wexboy.wordpress.com/2012/03/14/from-russia-with-love-part-ii/ Cheers, Wexboy
7 Mar '12
some rather large trades ere,or is the decimal point in the wrong place?
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