News Column

Dexion Absolute Reports Positve Returns For Share Classes

May 14, 2014

Samuel Agini



LONDON (Alliance News) - Dexion Absolute Ltd Wednesday said each of its share classes made positive returns net of fees and expenses in the first-quarter of 2014.


In a statement, Dexion said its sterling share class returned 0.84% for the three months ended March 31, the euro share class returned 0.86% and the US dollar share class returned +0.80%, net of fees and expenses


The performance came as Dexion reported increases in its long-short credit, long-short equities, event-driven, and opportunistic strategies, offsetting falls in macro and another relating to its portfolio hedge.


Dexion Absolute's investment objective is to generate consistent long-term capital appreciation with low volatility and little correlation with the equity and bond markets. It attempts to achieve its aim by investing the bulk of its assets in shares of the Aurora Offshore Fund Ltd II, which allocates capital to different managers focused on different strategies.


Dexion Absolute shares were Wednesday quoted at 165.60 pence.







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Source: Alliance News


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