Monthly Archives: August 2016

PC Jeweller Position Size August 8, 2016

PC Jeweller Position Size August 8, 2016

We have decreased our position size in PC Jeweller from 6.3% at the closing of 7/29/2016 to 3.9% at the closing of 8/8/2016. We sold 390,509 shares at an average price of INR415.28 at an average USDINR FX rate of 66.76.  The average cost of our PC Jeweller position was INR118.20 at an average exchange rate of 59.49.

Grendene Position Size August 5, 2016

Grendene Position Size August 5, 2016

 

We sold 1,040,700 Grendene shares at an average price of BRL17.2365 per share at an average exchange rate of USDBRL 3.2420 equaling just over USD5.5 million. The cost postion on our Grendene shares is BRL16.74 with an average exchange rate of USDBRL 3.8535. Grendene is now just under a 5.0% position. The goal of the sale was to decrease the position size after increasing the position size when Grendene’s shares fell earlier this year.