Cartica Management, LLC (Cartica) recently added to their stake in HK-listed Regina Miracle International (Holdings) Limited (Regina Miracle). According to a filing submitted to the Hong Kong Stock Exchange on December 23rd, 2017, the firm bought 130,000 shares on the exchange at an average price of HKD 7.7424 on December 22nd (total consideration was ~US$129k). Following the purchase, Cartica’s stake in Regina Miracle increased from 5.99% to 6.00%.
Regina Miracle is a leading global intimate wear company that innovates, designs and manufactures a wide range of intimate wear and functional sports products for leading global brands. The company has developed itself into the industry’s number one bra manufacturing company globally. Regina Miracle offers a range of intimate wear products, which include bras, sports bras, bra pads and functional sports products, as well as sports footwear and functional seamless sportswear.
Cartica is a global alternative asset management firm focused on active ownership of emerging markets companies. The firm seeks to unlock long-term growth in its investments by partnering with management teams, boards, and shareholders to drive positive governance and operational changes. It was founded by a team of emerging markets and corporate governance experts that includes former executives of the International Finance Corporation. Cartica is headquartered in Washington, D.C. and had US$3.2bn of assets under management as of September 30, 2017.