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Investment trust info:
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Sector
Hedge Funds
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Launch Date
25 May 2006
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
186.80
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Share Type
Ordinary Share
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TIDM
BABS
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ISIN
GB00B13YVW48
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Shares Issued (M)
443
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Market Capital (£M)
827.79
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Gross Assets (£M)
824.79
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Net Assets (£M)
824.79
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TER (%)
0.07
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Last AGM
19 Jul 2012
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Next AGM
19 Jul 2013
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Last Annual Report Date
10 May 2013
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Next due Report Date
30 Jun 2013
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Next due Report Type
I/R
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Objective:
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Seeks to provide consistent long-term appreciation of its assets through investments in funds, the majority of which will be managed by BlueCrest.
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Management Group(s):
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BlueCrest AllBlue Capital Management L.P.
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BlueCrest Capital Management L.P.
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Close Fund Management Investments Ltd
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Managed by:
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Team Managed
Start: 25 May 2006
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Team Managed
Start: 25 May 2006
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Team Managed
Start: 31 Dec 2009
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Team Managed
Start: 25 May 2006
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Team Managed
Start: 31 Dec 2009
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Team Managed
Start: 25 May 2006
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Management Contract & Fees:
As the Company does not have a separate investment manager, it will not pay any investment management fees in addition to its ongoing expenses. The Administrator is entitled to an annual fee of GBP 56,000 plus GBP 500 for each GBP 5 million tranche of NAV in excess of GBP 30m (as adjusted at the commencement of each new calendar quarter having regard to the NAV then calculated for the purpose of accruing such fee in the following quarter), payable monthly in arrears. The Administration and Secretarial Agreement may be terminated on three months notice. The Nominated Advisor receives an initial fee of GBP 85,000 and a retainer of GBP 20,000 p.a. for its services, the agreement is effective for an initial period of 12 months, subject thereafter to termination on one months notice. The Nominated Broker is paid a retainer of GBP 15,000 p.a. for its services to the Company.
