SINGAPORE (Nov 14): Quarz Capital Management has written an open letter to ESR Cayman, the manager and major unitholder of Sabana Shariah Compliant Industrial Real Estate Investment Trust asking the manager to take action to narrow the gap between Sabana REIT’s unit price 45 cents and its net asset value of 56 cents. QCM – run by Chief Investment Officer Jan Moermann and director of research Havard Chi – manages the Quarz Active Value Fund which invests in developed Asia and the Quarz Global Opportunity Fund. The Quarz Active Value Fund has returned 20% year to date and the Quarz Global Opportunity Fund, a case fund, is up 60% YTD.

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