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Blue Capital Alternative Inc (Ordinary Share) BCAI

Sector Specialist: Reinsurance

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Estimated NAV

1.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Blue Capital Alternative Inc (Ordinary Share) Price -22.96%
Blue Capital Alternative Inc (Ordinary Share) NAV -19.59%
FTSE World 14.01%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 0.7 -16.4% 1.00 1.00
30 Jun
100%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Blue Capital Alternative Inc (Ordinary Share) Price12.060.59-7.31-26.27
Blue Capital Alternative Inc (Ordinary Share) NAV3.99-0.75-23.882.36
FTSE World2.792.823.953.77

Discrete performance over

Discrete Performance

Sectors weighting

Hedge Funds 94.00%
Net Current Assets 6.00%
  • Investment trust info:

  • Sector Sector Specialist: Reinsurance
  • Launch Date 06 Dec 2012
  • Currency USD
  • Domicile Bermuda
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM BCAI
  • ISIN BMG1189R1043
  • Shares Issued (M) 175
  • Market Capital (£M) 87.51
  • Gross Assets (£M) 104.62
  • Net Assets (£M) 104.62
  • TER (%) 1.64
  • Last AGM 09 May 2017
  • Next AGM 09 May 2018
  • Last Annual Report Date 04 Apr 2017
  • Next due Report Date 31 Dec 2017
  • Next due Report Type A/R
  • Objective:

  • To generate attractive returns from a sustainable annual dividend yield and longer term capital growth by investing substantially all of its assets in the Master Fund which invests in fully collateralised reinsurance-linked contracts.
  • Management Group(s):

  • Blue Capital Management
  • Managed by:

  • Allison D. Kiene Start: 06 Dec 2012
  • Michael J. McGuire Start: 26 Apr 2017
  • Management Contract & Fees:

    The Investment Manager is entitled to a management fee, calculated and payable monthly in arrears equal to (a) 1/12 of 1.5% of the month end NAV (prior to accrual of the performance fee, as defined below) of all Offered Shares held by investors, up to a NAV of $300,000 and (b) 1/12 of 1.25% of the month end NAV (prior to accrual of the performance fee, as defined below) of all Offered Shares held by investors, above a NAV of $300,000. The reinsurance manager is entitled to an annual performance fee equal to 15% of i)the aggregate appreciation in the NAV of the master fund shares held by the company over the previous high water mark; less ii) the performance hurdle of LIBOR plus 3 % on the starting NAV of the master fund shares held by the company, provided that the performance fee shall not be less than zero and provided further that no performance fee will be payable in a performance period unless the performance rigger of LIBOR plus 10% on the starting NAV of the master fund shares held by the company during the performance period has been reached.

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