AcenciA Debt Strategies (Ordinary Share) ACD

Hedge Funds

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Estimated NAV

2.00

Share Price

1.35

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
AcenciA Debt Strategies (Ordinary Share) Price 1.80%
AcenciA Debt Strategies (Ordinary Share) NAV 5.91%
FTSE World 40.20%
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 -11.2% 2.00 2.00
31 Dec
100% 4.27%

Discrete performance % over

Fund / BenchmarkAug '13
Jul '14
Aug '14
Jul '15
Aug '15
Jul '16
AcenciA Debt Strategies (Ordinary Share) Price27.23-6.29-14.61
AcenciA Debt Strategies (Ordinary Share) NAV22.84-6.89-7.40
FTSE World6.939.0020.30

Discrete performance over

Discrete Performance

Top 10 Holdings

Elliott Associates, LP 17.00%
Redwood Domestic Fund 0.000 14.70%
Third Point 14.30%
Canyon Balanced Fund, LP 13.10%
York Credit Opportunities Unit Trust 12.30%
Centerbridge Credit Partners 8.30%
Anchorage Cap Partners 7.80%
Appaloosa 6.60%
OZ Credit Opp Domestic Partners,LP 4.50%
Scoggin Worldwide 2.80%

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 1.35
  • Share Type Ordinary Share
  • TIDM ACD
  • ISIN GB00B0MSB420
  • Shares Issued (M) 53
  • Market Capital (£M) 54.82
  • Gross Assets (£M) 61.74
  • Net Assets (£M) 61.74
  • TER (%) 0.98
  • Historic Dividend Yield (%) 4.27
  • Last AGM 27 May 2016
  • Next AGM 27 May 2017
  • Last Annual Report Date 03 May 2016
  • Next due Report Date 30 Jun 2016
  • 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% 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.