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Chinese Origo funds dip in value
Chinese private equity investors Origo Partners, which is listed in London, reported a 4.8 per cent dip in its portfolio values yesterday, falling to $227.7m (£149.5m) over the quarter as waning commodity prices dented its mining investments. The firm, based in Beijing but listed on the Alternative Investment Market, saw a drop in net asset values per share from 67 cents to 64 cents. Chief executive Chris Rynning said: “Origo remains confident in China’s growth prospects and we have both a strong portfolio and a promising pipeline of investment opportunities in China and its neighboring territories.”