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Investment trust info:
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Sector
Hedge Funds
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Launch Date
19 Dec 2002
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
149.00
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Share Type
Ordinary Share
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TIDM
DAB
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ISIN
GB0032287020
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Shares Issued (M)
135
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Market Capital (£M)
200.97
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Gross Assets (£M)
231.08
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Net Assets (£M)
231.08
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TER (%)
1.87
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Last AGM
10 Jun 2013
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Next AGM
10 Jun 2014
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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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To generate consistent long-term capital appreciation with low volatility and little correlation with the equity and bond markets.
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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:
Management fee of 1% p.a. of Gross Assets. 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). Contract terminable on 12 months notice. The Administrator receives an annual fee at the rate of 0.06% of p.a. of the next GBP 50m, 0.04% of the next GBP 125m, 0.03% of the next GBP 250m, 0.025% of the next GBP 200m and 0.02% of the TA of the Continuing Portfolio thereafter, payable monthly in arrears and subject to a minimum fee of GBP 50,000 p.a.
