Icon Advisers Inc. Co. bought a new stake in Thai Fund Inc. (NYSE:TTF) in the fourth quarter, HoldingsChannel.com reports. The firm bought 173,526 shares of the company’s stock, valued at approximately $1,867,000.

Separately, Deschutes Portfolio Strategy LLC lifted its stake in shares of Thai Fund by 1.1% in the 3rd quarter. Deschutes Portfolio Strategy LLC now owns 455,500 shares of the company’s stock valued at $4,437,000 after purchasing an additional 4,800 shares during the period. Institutional investors own 55.91% of the company’s stock.

Thai Fund Inc. (TTF) opened at $11.27 on Friday. Thai Fund Inc. has a one year low of $6.86 and a one year high of $11.31.

In other news, major shareholder City Of London Investment Grou sold 77,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.26, for a total value of $867,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 383,047 shares of company stock valued at $4,248,236.

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Thai Fund Profile

The Thai Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund seeks long-term capital appreciation and integrates top-down sector allocation and bottom-up stock selection with a growth bias.

Want to see what other hedge funds are holding TTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thai Fund Inc. (NYSE:TTF).

Institutional Ownership by Quarter for Thai Fund (NYSE:TTF)

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