AcenciA Debt Strategies
|Portfolio Manager||Marty Gross|
|Fund AUM as of||31 March 2015|
|Fund Inception||24 November 2005|
|Fund Indices||AH Credit UCITS Index|
AcenciA Debt Strategies is a listed closed-ended investment vehicle and is traded on the London Stock Exchange. Its investment objective is to produce annual returns in excess of 3-month Sterling LIBOR plus 5 per cent over a rolling 3-year period, with annual standard deviation of under 5 per cent.
The Company's investment policy is to invest in and actively manage a portfolio of predominantly debt orientated hedge funds. The Company does not use leverage other that for short-term working capital needs. In addition, the portfolio has minimal gearing at the underlying fund level. The Company's foreign exchange exposures are hedged back to sterling.
The Company's dividend policy is to pay an annualised dividend equal to 3.5% of Net Asset Value by means of interim dividend payments.