The Pakistan Credit Rating Agency (PACRA) has assigned a 3-Star fund rating (Category: Equity Fund) to Crosby Dragon Fund (CDF), which reflects an average performance relative to its peers. The rating is a composite measure of two factors namely a) returns, and b) risk associated with the returns measured by Sharpe Ratio.

About the fund: CDF, an open-end scheme, was established under a trust deed, executed on Sep 20, 2003, between Crosby Asset Management (Pakistan) Limited as management company and Jahangir Siddiqui Investment Bank Limited as trustee. The objective of CDF is to generate optimum returns for its investors by investing primarily in equity securities with a defensive contingent strategy to diversify its investment into debt instruments to mitigate the impact of market volatility. The investment in a particular stock is primarily based on expected capital appreciation, its marketability and linkage with the market cycle.

About the Asset Manager: Crosby Asset Management (Pakistan) Limited (CAML), the asset management company, incorporated in 1983 and acquired by Crosby group in 2003, is a wholly owned subsidiary of Crosby Asset Management International Limited, a company incorporated in Hong Kong, which, in turn, is a subsidiary of Crosby Capital Partners (CCP). CCP, the parent company of Crosby group of companies, was established in 1984 and is an independent investment management firm with dual headquarters in London and Hong Kong with business focus on Asian region. The BoD of CAML comprises three members. The Chief Executive, Mr. Mumtaz Hussain Syed, is an MBA from LUMS with vast experience in the financial and corporate sector in Pakistan. The Fund Manager of CDF has accumulated an extensive experience of above 8 years of capital markets while working with different brokerage houses.