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The Panah Fund is an equity long-short fund with a macro-overlay focusing primarily on Asia. The fund's objective is to maximise risk-adjusted absolute returns, requiring a balance of capital appreciation and capital protection. It seeks to achieve this objective by buying high-quality Asia-focused companies at the right price and for the long term, while using short stock and macro positions to generate returns and protect capital, allowing the fund to hold conviction long positions through the hard times.
A sample of quarterly letters are provided below. Other documents are available on request.