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 8.53%
AcenciA Debt Strategies (Ordinary Share) NAV 3.51%
FTSE World 64.89%
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 -3.1% 2.00 2.00
28 Feb
100% 3.41%

Discrete performance % over

Fund / BenchmarkNov '14
Oct '15
Nov '15
Oct '16
Nov '16
Oct '17
AcenciA Debt Strategies (Ordinary Share) Price-1.84-5.2816.73
AcenciA Debt Strategies (Ordinary Share) NAV-7.181.3210.07
FTSE World10.0330.8314.55

Discrete performance over

Discrete Performance

Top 10 Holdings

Redwood Domestic Fund 0.000 16.45%
Elliott Associates, LP 16.16%
OZ Credit Opp Domestic Partners,LP 12.43%
Canyon Balanced Fund, LP 12.18%
Anchorage Cap Partners 11.39%
Third Point 10.96%
Centerbridge Credit Partners 10.67%
Appaloosa 5.68%
York Credit Opportunities Unit Trust 5.29%

Sectors weighting

Distressed Securities 26.00%
General Equity 23.00%
Miscellaneous 15.00%
Relative Value/Arbitrage 12.00%
Credit 11.00%
Debt - Asset-Backed Sec 8.00%
Unlisted Equities 4.00%
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) 63.94
  • Gross Assets (£M) 65.97
  • Net Assets (£M) 65.97
  • TER (%) 1.64
  • Historic Dividend Yield (%) 3.41
  • 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.