Portland JSX Limited, a fund that invests in privately held companies in Jamaica and Latin America, has slipped deeper into losses that were nine times worse than a year ago. The fund’s annual results for year ending February 2024 were exacerbated.
Portland bleeds US$7m on Merqueo write-down jamaica-gleaner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaica-gleaner.com Daily Mail and Mail on Sunday newspapers.
Robert Almeida, manager of investment fund Portland JSX Limited, thinks that its multimillion-dollar financing of fast-growing online grocer Merqueo might go to nought, following the lapsed initial public offering, which would have provided a way.