AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV

2.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 10.92%
AcenciA Debt Strategies (Ordinary Share) NAV 8.05%
FTSE World 56.42%
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 1.6 -2.8% 2.00 2.00
31 Oct
100% 3.43%

Discrete performance % over

Fund / BenchmarkJan '15
Dec '15
Jan '16
Dec '16
Jan '17
Dec '17
AcenciA Debt Strategies (Ordinary Share) Price-7.652.6117.06
AcenciA Debt Strategies (Ordinary Share) NAV-2.662.987.79
FTSE World2.5532.7414.91

Discrete performance over

Discrete Performance

Top 10 Holdings

Redwood Domestic Fund 0.000 16.40%
Elliott Associates, LP 16.23%
Canyon Balanced Fund, LP 12.83%
OZ Credit Opp Domestic Partners,LP 12.66%
Third Point 11.45%
Anchorage Cap Partners 11.33%
Centerbridge Credit Partners 10.37%
Appaloosa 5.70%

Sectors weighting

General Equity 24.00%
Distressed Securities 23.00%
Miscellaneous 15.00%
Relative Value/Arbitrage 13.00%
Credit 13.00%
Debt - Asset-Backed Sec 8.00%
Unlisted Equities 3.00%
Loan Opportunities 1.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 24 Nov 2005
  • Currency USD
  • Domicile Guernsey
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 52
  • Market Capital (£M) 62.34
  • Gross Assets (£M) 64.11
  • Net Assets (£M) 64.11
  • TER (%) 1.64
  • Historic Dividend Yield (%) 3.43
  • Last AGM 19 May 2017
  • Next AGM 19 May 2018
  • Last Annual Report Date 11 Apr 2017
  • Next due Report Date 31 Dec 2017
  • 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 receives a monthly fee of 0.125% per annum of the net asset value of the Company up to 50 million and 0.10% per annum of the net asset value of the Company exceeding 50 million. The Custodian will receive a fee paid quarterly at the rate of 0.05% of the Net Asset Value of the Company. The Custodian Agreement is terminable by either party on three months' notice.