The fund manager also vowed to provide full support to Bangladesh Securities and Exchange Commission, so that its reforms have a “positive impact” on the capital market.
Depending on the steps all market intermediaries take, the capital market can move in the “right direction”. “Or, we may collectively miss a golden opportunity to make a material progress that benefits all parties ranging from issuers to investors,” he said.
“LR Global has always contributed towards the development of the capital market since its inception in 2008. We will continue to participate, more so now than ever before since there is a congenial atmosphere today in the capital market,” he said.
“Although we went through a very difficult time for the last few years but we overcame all due to our strong dedication, a proven and transparent investment process and an excellent performance.”
Despite challenges, LR Global-managed funds have materially outperformed through consistently beating the market by over 5 percent per annum on an average and paid over 46.6 percent of dividend across all the funds, according to a statement.
The BSEC also took steps to develop the bond market and introduced more financial instruments. It formed a capital market stabilisation fund worth Tk 210 billion and developed an overall transparent and investment-friendly environment.
“We have participated in the past and committed fully to participate in future in any more contribution of BSEC in the capital market,” Islam said.
“We will restart our work with immediate effect that was hindered in 2015 in promoting foreign direct investment in Bangladesh.”