Compared with the first seven months of 2012, the fund’s net profit fell 6.8% in the January to July period.
End-July, Fondul Proprietatea had net assets worth RON15.03 billion, up 0.24% from roughly RON15 billion a month earlier.
Around 37.8% of Fondul Proprietatea’s assets were listed equities, while 56.13% non-listed equities. Net cash and receivables stood at 6.02% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
US hedging fund Elliott Associates is the fund’s largest shareholder, with a 18% stake, followed by investment management fund City of London with 9.43%.
At around 11:30 am, Fondul Proprietatea traded up 0.79% at RON0.7055 a share in Bucharest. (EUR1=RON4.425)