AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Add to Virtual Portfolio | Print page

Estimated NAV

2.00

Share Price

1.38

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 4.56%
AcenciA Debt Strategies (Ordinary Share) NAV 2.11%
FTSE World 21.53%
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 1.4 -9.9% 2.00 2.00
31 Dec
100% 4.21%

Discrete performance % over

Fund / BenchmarkJun '13
May '14
Jun '14
May '15
Jun '15
May '16
AcenciA Debt Strategies (Ordinary Share) Price24.21-2.61-13.57
AcenciA Debt Strategies (Ordinary Share) NAV18.16-4.38-9.63
FTSE World4.0116.600.22

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott Associates, LP 15.70%
Third Point 13.90%
Redwood Domestic Fund 0.000 13.60%
Canyon Balanced Fund, LP 12.60%
York Credit Opportunities Unit Trust 12.40%
Centerbridge Credit Partners 7.90%
Anchorage Cap Partners 7.70%
Appaloosa 6.60%
Jet Capital 3.50%
Scoggin Worldwide 2.70%

Sectors weighting

General Equity 26.00%
Distressed Securities 21.00%
Miscellaneous 19.00%
Credit 13.00%
Relative Value/Arbitrage 8.00%
Debt - Asset-Backed Sec 6.00%
Debt - Mortg: Private lbl 5.00%
Loan Opportunities 2.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Currency USD
  • Domicile Guernsey
  • Share Price 1.38
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 54
  • Market Capital (£M) 50.04
  • Gross Assets (£M) 55.54
  • Net Assets (£M) 55.54
  • TER (%) 0.98
  • Historic Dividend Yield (%) 4.21
  • Last AGM 27 May 2015
  • Next AGM 27 May 2016
  • Last Annual Report Date 03 May 2016
  • Next due Report Date 30 Jun 2016
  • 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 £10,000. 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 £ 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.