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 1.84%
AcenciA Debt Strategies (Ordinary Share) NAV 6.70%
FTSE World 46.03%
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 -8.4% 2.00 2.00
30 Jun
100% 4.00%

Discrete performance % over

Fund / BenchmarkOct '13
Sep '14
Oct '14
Sep '15
Oct '15
Sep '16
AcenciA Debt Strategies (Ordinary Share) Price12.78-3.02-6.89
AcenciA Debt Strategies (Ordinary Share) NAV16.17-6.51-1.76
FTSE World10.62-1.1333.52

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott Associates, LP 16.80%
Redwood Domestic Fund 0.000 14.90%
Third Point 14.60%
Canyon Balanced Fund, LP 13.10%
York Credit Opportunities Unit Trust 12.20%
Centerbridge Credit Partners 8.50%
Anchorage Cap Partners 7.60%
Appaloosa 6.40%
OZ Credit Opp Domestic Partners,LP 4.50%
Scoggin Worldwide 3.00%

Sectors weighting

Distressed Securities 23.00%
General Equity 21.00%
Credit 17.00%
Miscellaneous 14.00%
Relative Value/Arbitrage 10.00%
Debt - Asset-Backed Sec 9.00%
Debt - Mortg: Private lbl 5.00%
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) 57.59
  • Gross Assets (£M) 62.86
  • Net Assets (£M) 62.86
  • TER (%) 0.98
  • Historic Dividend Yield (%) 4.00
  • 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.