During February 2015, Austria’s Absolute Portfolio Management disbursed loans totaling USD 2.5 million to unspecified microfinance institutions in Benin, Cambodia and Georgia. Of this total, USD 1 million was lent with a two-year term to the institution in Benin, which was founded in 1998 and is based in the city of Cotonou. The institution offers group and individual loans to those excluded by other institutions, such as women and microenterprises.
As of March, Absolute, which remains a unit of Austria’s C-Quadrat group, has been renamed C-Quadrat Asset Management. C-Quadrat Asset Management oversees two funds, Dual Return – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency, which were created in 2006 and report combined assets of USD 260 million as of February 2015. C-Quadrat manages assets equivalent to EUR 4.8 billion (USD 6.3 billion) as of December 2013.
By the MicroCapital Team
About C-Quadrat Asset Management
Formerly known as Absolute Portfolio Management GmbH, C-Quadrat Asset Management GmbH is an Austria-based provider of investment and advisory services in microfinance and other sectors. The firm’s Dual Return – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 338 million under management as of June 2014. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 4.8 billion (USD 6.3 billion) as of December 2013.
Sources and Additional Resources
Direct contact with C-Quadrat Asset Management
MicroCapital Universe Profile on C-Quadrat Asset Management: https://www.microcapital.org/
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