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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To invest in a portfolio of businesses (primarily in the UK or Ireland) which have significant operating issues and may have associated financial distress, with a view to generating attractive total returns.
After the Conversion to the PCC, the Administrator receives an annual fee, subject to an overall cap of £ 250,000 per annum as a whole, of: 1) an ad valorem fee of 0.1% of the NA per annum of the first £ 100m and 0.05% thereafter of each of 2009 cell and 2012 cell subject to a minimum fee of £ 75,000 per annum per Cell; and 2) a fee of £ 5,000 per annum in respect of the Core.