Investment Holding
Companies - Guardian Group
The Investment portfolio traded on Colombo Stock Exchange worth approximately Rs.10.58 billion as at the end of December 2007. This portfolio comprises equity stakes in some of Sri Lanka's most successfully run listed blue chip companies that have been built up for future value creation; as well as an actively traded portfolio to capitalize on short term market movements. We have six investment companies of which three companies are
listed in the Colombo Stock Exchange (CSE). As a sector primarily
focused on long term investing, the portfolio growth over the last 5 years was 311.9% in comparison to the market index appreciation of 277%.
Guardian Fund Management Limited
Guardian Fund Management Limited is a specialized fund management
company within the Carsons Group responsible for managing
the portfolios of the investment holding companies of the
Group. This company has capabilities in portfolio management
and research with necessary management processes to ensure
good governance and risk management. Further, the company
will widen its expertise in venture capital investments, investment
banking services and overseas investments. Guardian Fund Management
obtained registration as an Investment Manager with the Securities
and Exchange Commission of Sri Lanka in April 2006 .
The Sri Lanka Fund (www.thesrilankafund.com)
In recognition of Carsons’ fund management capabilities,
its subsidiary Guardian Fund Management Limited was appointed
managers of the Sri Lanka Fund (formerly known as the Regent
Sri Lanka Fund). The Sri Lanka Fund, which was incorporated
in the Cayman Islands, is the first dedicated country fund to
invest in the Colombo Stock Exchange. Its Net Asset Value as at 31st December 2007 was US $ 2.20. The Fund caters to both
retail and institutional investors worldwide who are focused
on emerging markets. A majority of the Fund’s investors
are from the UK and Hong Kong.
Strategic investments comprising a 36% stake in Union Assurance Ltd., a leading private sector composite insurer in Sri Lanka and a 22% stake in The Unit Trust Management Company Ltd., one of Sri Lanka's pioneering fund management companies, are also held by the Carson Cumberbatch Group.
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