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Investment trust info:
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Sector
Hedge Funds
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Launch Date
24 Apr 2008
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Base Currency
GBX
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Domicile
Jersey
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Share Price (p)
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Share Type
Ordinary Share
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TIDM
BARS
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ISIN
JE00B705MR41
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Shares Issued (M)
01
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Market Capital (£M)
6.91
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Gross Assets (£M)
8.77
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Net Assets (£M)
8.77
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TER (%)
2.19
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Last AGM
28 Jun 2012
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Next AGM
28 Jun 2013
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Last Annual Report Date
14 May 2012
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Next due Report Date
30 Jun 2012
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Next due Report Type
I/R
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Objective:
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To generate absolute returns in excess of the yields on short-term LIBOR securities, while endeavouring to minimise the corresponding level of volatility.
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Management Group(s):
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BlackRock (Channel Islands) Limited
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Management Contract & Fees:
The Management Fee, which will be payable in respect of each class of Shares quarterly in arrear within 90 days of the end of each calendar quarter, will be equal to one-fourth of 1.5% of the Net Asset Value of the relevant class of Shares as at the last Valuation Date in the relevant quarter (prior to the deduction of the Management Fee payable in respect of that quarter and any accrued Performance Fee). The Management Fee will be calculated prior to any adjustments to the Companys Net Asset Value for the relevant quarter related to the profits, losses and expenses of any currency hedging undertaken by the Company. In addition, the Company will pay an annual Performance Fee in respect of each class of Shares equal to 10% of the amount, if any, by which the Net Asset Value of such class of Shares as at the last Valuation Date in each 12 month period ending on 31 December each year and the period from Admission to 31 December 2008 (each a Calculation Period) exceeds the Reference Amount.
