AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV (p)

109.00

Share Price (p)

104.00

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 44.23%
AcenciA Debt Strategies (Ordinary Share) NAV 24.75%
FTSE World 58.26%
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 104.0p -4.8% 109.00p 109.00p
31 Oct
100% 3.76%

Discrete performance % over

Fund / BenchmarkDec '11
Nov '12
Dec '12
Nov '13
Dec '13
Nov '14
AcenciA Debt Strategies (Ordinary Share) Price6.1122.1711.26
AcenciA Debt Strategies (Ordinary Share) NAV7.8510.504.67
FTSE World12.6725.3112.09

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott International, Ltd 21.60%
Redwood 20.50%
Third Point 12.60%
Appaloosa 11.30%
Centerbridge 10.50%
York Credit Opportunities Unit Trust 10.40%
Canyon Balanced Fund, LP 7.90%
Scoggin Worldwide 5.30%

Sectors weighting

General Equity 26.40%
Distressed Securities 25.70%
Debt - Corporate 13.30%
Specialist Credit 11.20%
Relative Value/Arbitrage 11.10%
Debt - Mortg: Private lbl 9.80%
Loan Opportunities 2.50%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 104.00
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 114
  • Market Capital (£M) 118.62
  • Gross Assets (£M) 124.54
  • Net Assets (£M) 124.54
  • TER (%) 0.54
  • Historic Dividend Yield (%) 3.76
  • Last AGM 30 May 2013
  • Next AGM 28 Apr 2015
  • Last Annual Report Date 03 Apr 2014
  • Next due Report Date  
  • 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% per annum 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, rather than annually. The Administrator will receive a fee which shall not exceed 0.085% per annum 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 per annum subject to a minimum fee of GBP 3,325 per quarter. The Custodian Agreement is terminable by either party on three months' notice.