AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV

2.00

Share Price

1.45

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price -0.54%
AcenciA Debt Strategies (Ordinary Share) NAV -2.39%
FTSE World 45.66%
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 -9.2% 2.00 2.00
30 Jun
100% 4.03%

Discrete performance % over

Fund / BenchmarkJan '14
Dec '14
Jan '15
Dec '15
Jan '16
Dec '16
AcenciA Debt Strategies (Ordinary Share) Price3.99-4.18-0.18
AcenciA Debt Strategies (Ordinary Share) NAV-1.11-10.069.76
FTSE World15.001.9824.20

Discrete performance over

Discrete Performance

Top 10 Holdings

Redwood Domestic Fund 0.000 15.10%
Elliott Associates, LP 15.00%
Canyon Balanced Fund, LP 11.30%
OZ Credit Opp Domestic Partners,LP 11.20%
Anchorage Cap Partners 10.90%
Third Point 10.30%
Centerbridge Credit Partners 10.10%
York Credit Opportunities Unit Trust 9.70%
Appaloosa 6.90%
Scoggin Worldwide 0.10%

Sectors weighting

General Equity 25.00%
Distressed Securities 23.00%
Credit 15.00%
Relative Value/Arbitrage 15.00%
Miscellaneous 14.00%
Debt - Asset-Backed Sec 7.00%
Loan Opportunities 1.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Currency USD
  • Domicile Guernsey
  • Share Price 1.45
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 52
  • Market Capital (£M) 58.12
  • Gross Assets (£M) 63.99
  • Net Assets (£M) 63.99
  • TER (%) 0.98
  • Historic Dividend Yield (%) 4.03
  • Last AGM 27 May 2016
  • Next AGM 27 May 2017
  • Last Annual Report Date 03 May 2016
  • Next due Report Date 31 Dec 2016
  • Next due Report Type A/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.