AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV (p)

2.00

Share Price (p)

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 46.13%
AcenciA Debt Strategies (Ordinary Share) NAV 29.67%
FTSE World 46.64%
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 1.7p -8.0% 2.00p 2.00p
29 May
100% 3.83%

Discrete performance % over

Fund / BenchmarkAug '12
Jul '13
Aug '13
Jul '14
Aug '14
Jul '15
AcenciA Debt Strategies (Ordinary Share) Price22.5827.23-6.29
AcenciA Debt Strategies (Ordinary Share) NAV7.9622.84-2.22
FTSE World25.826.939.00

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott International, Ltd 13.70%
Redwood 13.00%
Third Point 13.00%
Canyon Balanced Fund, LP 12.70%
York Credit Opportunities Unit Trust 12.20%
Anchorage Cap Partners 10.30%
Centerbridge Credit Partners 9.70%
Jet Capital 7.60%
Scoggin Worldwide 5.20%
Appaloosa 2.90%

Sectors weighting

General Equity 29.00%
Miscellaneous 19.00%
Distressed Securities 18.00%
Credit 16.00%
Relative Value/Arbitrage 7.00%
Debt - Asset-Backed Sec 6.00%
Debt - Mortg: Private lbl 4.00%
Loan Opportunities 1.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) N/A
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 55
  • Market Capital (£M) 57.82
  • Gross Assets (£M) 62.82
  • Net Assets (£M) 62.82
  • TER (%) 0.31
  • Historic Dividend Yield (%) 3.83
  • Last AGM 27 May 2015
  • Next AGM 27 May 2016
  • Last Annual Report Date 01 May 2015
  • Next due Report Date 30 Jun 2015
  • Next due Report Type I/R
  • Objective:

  • To invest in and actively manage a portfolio of predominantly debt orientated hedge funds and to produce annual returns in excess of the 3-month Sterling LIBOR plus 5% over a rolling 3-year period.
  • Management Group(s):

  • Saltus (Channel Islands)
  • Saltus Partners LLP
  • Managed by:

  • Jon Macintosh Start: 24 Nov 2005
  • Simon Armstrong Start: 24 Nov 2005
  • Management Contract & Fees:

    The Manager will receive a management fee from the Company of 1% p.a. of total assets. A performance fee equivalent to 10% of the amount by which the year end Total Assets exceeds the greatest value of the previous financial year, subject to a maximum annual performance fee of 3% of the value of the Total Assets at the end of the financial year. The performance fee will be paid quarterly in arrears. The Administrator will receive a fee which shall not exceed 0.085% p.a. of the net asset value of the Company, subject to a minimum annual payment of GBP10,000. The Custodian will receive a fee paid quarterly at the rate of 0.05% of the Net Asset Value of the Company p.a. subject to a minimum fee of GBP 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.