Promoters

Sri Lanka Fund is promoted by the largest listed equity fund in Sri Lanka – Ceylon Guardian Investment Trust PLC (CGIT). CGIT is 67% owned by Carson Cumberbatch PLC a listed Sri Lankan conglomerate with business interests in plantations, Oils & Fats, brewing, Investments, real estate and leisure sectors, spanning across South and South East Asia. Currently Carsons is among the top five capitalized companies on the Colombo Stock Exchange and together with its subsidiaries accounts for over 10% of total market capitalization. Carsons strategic partners across its diverse business sectors include Carlsberg Denmark and Malaysia, Wilmar International, Singapore, KLM Royal Dutch Airlines, Northwest Airlines & Air France and Unit Trust of India amongst others. Its key non Sri Lankan business interests include 150,000 ha. of oil palm plantations in Indonesia and Malaysia.

 

CARSON CUMBERBATCH PLC – SECTORS

 

 

 

The investment business of Carson Cumberbatch PLC (CARS.N0000) consists of three investment companies; Ceylon Guardian Investment Trust PLC (GUAR.N000), Ceylon Investments PLC (CINV.N0000), and Guardian Capital Partners PLC (WAPO.N0000) are listed on the Colombo Stock Exchange (CSE). These companies hold and manage portfolio of investments as their sole line of business.

CGIT is only one of few long standing investment trusts listed on the Colombo Stock Exchange and its discretionary portfolio is valued at USD 90.80Mn as of 30th June 2013, focused on listed stocks and private equity ventures. It is managed by Guardian Fund Management Limited (GFM), the 100% owned fund management subsidiary of the Carsons Group. GFM is registered as an Investment Manager with the Securities and Exchange Commission of Sri Lanka, the capital markets regulator. The Discretionary portfolio has grown at a CAGR of 20.58% from 31.03.2008 to 31.03.2013 while the All Share Price Index and S&P SL20 Price Index of the CSE grew on average at 17.60% and 16.26% respectively over the same period.

The flagship company of the investment business is Ceylon Guardian Investment Trust PLC (CGIT), while Ceylon Investments PLC (CI) and Rubber Investment Trust Limited (RITL) are its two subsidiaries. The corporate structure of the investment business is given below.

 

 

 

Annual Reports

 

Carson Cumberbatch PLC – Annual Report 2012/13    
Ceylon Guardian Investment Trust PLC – Annual Report 2012/13    
Ceylon Investments PLC – Annual Report 2012/13    
Guardian Capital Partners PLC – Annual Reports 2012/13    

 

Promoted by the largest listed equity fund in Sri Lanka - Ceylon Guardian Investment Trust PLC (CGIT). CGIT is 67% held by Carson Cumberbatch PLC a listed Sri Lankan conglomerate with business interests in oil palm plantations, brewing, investments, real estate and leisure sectors, spanning across South and South East Asia.

Currently Carsons is among the top ten capitalized companies on the Colombo Stock Exchange and together with its subsidiaries accounts for 10% of total market capitalization.