Pinetree Capital Reports Financial Gains and New CIO Appointment

Pinetree Capital Ltd., a value-oriented investment firm, has published its unaudited financial results for the period ending September 30, 2024. The company reported an increase in total equity from $45,372 at the end of 2023 to $60,339, raising the book value per share (BVPS) from $4.83 to $6.43, a 33% increase.

The firm's investment holdings at fair value grew significantly, comprising 94% of the book value by September 2024. Net investment gains for the quarter reached $4,966, as opposed to a loss of $695 in the same period in 2023. Despite a decline in other income, the net income rose remarkably to $4,824.

In corporate developments, Pinetree announced the reappointment of Shezad Okhai as Chief Investment Officer, effective November 1, 2024. Okhai's previous tenure as CIO and expertise in M&A highlight the company's strategic leadership focus.