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Investment trust info:
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Sector
Hedge Funds
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Launch Date
28 Jun 2005
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
N/A
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Share Type
Ordinary Share
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TIDM
DABE
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ISIN
GB00B0FXK920
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Shares Issued (M)
02
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Market Capital (£M)
2.79
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Gross Assets (£M)
3.22
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Net Assets (£M)
3.22
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TER (%)
2.21
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Last AGM
13 Jun 2012
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Next AGM
10 Jun 2013
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Last Annual Report Date
24 Apr 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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Consistent capital appreciation independent of equity market direction through investing in an actively managed portfolio of hedge funds.
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Management Group(s):
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Dexion Capita(Guernsey) Limited
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Dexion Capital (Guernsey) Limited
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Dexion Capital Plc
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Managed by:
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Team Managed
Start: 30 Jun 2007
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Team Managed
Start: 30 Jun 2007
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Team Managed
Start: 31 Dec 2011
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Management Contract & Fees:
Dexion Capital Limited is remunerated at a monthly rate of 0.125% of the Total Assets of the Company for the provision of investment management services. Additionally, provided that (i) the value of the total assets of the Fund at the end of one financial period is at least 103% of the value of total assets at the end of the previous financial period and (ii) the value of those total assets is greater than the value of total assets at the end of any previous financial period, the Manager will be entitled to a performance fee paid annually in arrears equivalent to 10% of the amount by which the value of the year end total assets exceeds the greatest value of the total assets at the end of any previous financial period (subject to a maximum fee in any one period of 4% of the value of total assets at the end of the relevant period). This contract is terminable on twelve months notice. Northern Trust International Fund Administration Services (Guernsey) Limited provides administration and secretarial services to the Company. The Administrator is also responsible for the Companys general administrative functions. The Administrator receives an annual fee at the rate of 0.06% of NAV up to GBP 75 million, 0.05% of NAV between GBP 75 million and GBP 125 million, 0.04% of NAV between GBP 125 million and GBP 250 million, 0.03% of NAV between GBP 250 million and GBP 500 million, 0.025% of NAV between GBP 500 and GBP 750 million and 0.02% of NAV over GBP 700 million and subject to a minimum fee of GBP 50,000 per annum. The Administration and Secretarial Agreement is terminable by either side on three months notice expiring on any half year or full year reporting date or earlier in certain specified circumstances.
