The Asia Pacific Fund Appoints Khiem Do New Portfolio Manager.NEW YORK -- The Asia Pacific Fund (NYSE NYSE See: New York Stock Exchange , PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :APB APB See Accounting Principles Board (APB). ) announced today that Khiem Do has been appointed Portfolio Manager for the regional closed-end fund, which is managed by Baring Asset Management (BAM Bam (bäm), town (1996 pop. 70,100), Kerman prov., SE Iran, on the intermittent Bam River. Located on the western edge of the Dasht-e Lut, Bam is a trade center in a henna-growing region. Dates and other fruits are also grown; camels are raised. ). Mr. Do, Head of BAM's Asian investment team, is based in Hong Kong and assumes portfolio management responsibilities effective August 31, following the departure of James Squire. Khiem became the Head of BAM's Asian Investment Team in 1997, having joined in 1996. Khiem joined the firm from Citicorp Global Asset Management in Sydney, where he was the Chief Investment Officer, the chair of the Australian Asset Allocation Committee, and a member of the CGAM International Asset Allocation Committee. Prior experience includes seven years at Bankers Trust Australia and seven years at Equitilink Australia Ltd. Khiem was born in Vietnam, is an Associate Member of the Securities Institute of Australia (the Australian CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. equivalent), and received his BA (Honours) in Economics from Macquarie University in Sydney. About The Asia Pacific Fund: The Asia Pacific Fund is a diversified, closed-end management investment company, listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "APB." The investment objective of the Fund is to achieve long-term capital appreciation through investment primarily in equity securities in the Asia Pacific countries (excluding Japan). The Fund is managed by Baring Asset Management (Asia) Limited. For further information on The Asia Pacific Fund, please call our toll free line at 1-888-4-ASIA-PAC or visit www.asiapacificfund.com. |
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