Kopernik Global Investors becomes substantial holder of Yoma Strategic

Myanmar restaurant chain YKKO's “Kyay-Oh" rice noodle dish. In February 2019, Yoma Strategic agreed to acquire a 65 percent stake in YKKO. Credit: Yoma F&BMyanmar restaurant chain YKKO's “Kyay-Oh" rice noodle dish. In February 2019, Yoma Strategic agreed to acquire a 65 percent stake in YKKO. Credit: Yoma F&B

Kopernik Global Investors has become a substantial shareholder of Yoma Strategic Holdings after acquiring 850,000 shares in the market at S$0.127 each, according to a filing to SGX Saturday.

The acquisition took Kopernik Global’s deemed interest in Yoma Strategic to 5.01 percent from 4.98 percent previously, the filing said.

The interest is deemed as Kopernik Global has discretionary power in the disposal rights as an investment advisor, the filing said.

Myanmar-based Yoma Strategic operates in the property development, food and beverage, financial services and agricultural equipment sectors.

Kopernik Global Investors manages around US$6.9 billion across global and international equity strategies, according to its LinkedIn profile.

Kopernik Global offers the two mutual funds for U.S. investors, the Kopernik Global All-Cap Fund and Kopernik International Fund.

The Kopernik International Fund had US$485.9 million in total net assets, according to its August fact sheet.

The Kopernik Global All-Cap Fund had total net assets of US$2.16 billion, according to its August fact sheet.

In March, Kopernik Global said it would “soft close” its Kopernik Global All-Cap mutual fund at around US$1.8 billion, saying it wanted to manage capacity to preserve the ability to generate alpha and limit risks of permanent losses. The company also said it wanted to be prudent in keeping its exposure per client relations and vehicle to around US$2 billion for that fund’s strategy.

In addition, the Kopernik Global Unconstrained fund is a private fund with around 50 percent exposure to emerging markets and a net equity exposure of 20 percent to 80 percent, according to its second quarter tearsheet.

The Kopernik Global Investors private fund is invested 44.5 percent in developed markets and 29 percent in emerging markets, with around 71 percent of the fund invested outside of the U.S., according to its second quarter tearsheet.