News Column

Dexion Absolute Reports Net Asset Value Per Share Increases

August 26, 2014

Samuel Agini



LONDON (Alliance News) - Closed-ended investment companyDexion Absolute Ltd Tuesday reported increases in net asset value per share across its share classes.

The investment objective for the continuing portfolio of the company is to generate consistent long-term capital appreciation with low volatility and little correlation with the general equity and bond markets with a diversified risk profile. It attempts to do this by investing all of its assets in shares of Aurora Offshore Fund Ltd. II, which allocates capital primarily among a select group of portfolio managers.

The investment objective for the 2011, 2012 and 2013 redemption portfolios of the company is to realise the remaining investments comprised in them in an orderly and timely manner.

Dexion shares were Tuesday quoted flat at 171.00 pence.

Financial Highlights

Continuing Portfolio

 

 

 

 

GBP Shares

EUR Shares

USD Shares

Increase in Net Asset Value per Share

2.16%

2.32%

2.05%

Basic Profit/(Loss) per Share

GBP0.0387

(EUR0.0398)

(USD0.0439)

 

 

 

 

June 30 2014

GBP Shares

EUR Shares

USD Shares

Total Net Assets

GBP247m

EUR4m

USSD11m

Net Asset Value per Share

GBP1.8271

EUR2.6427

USD3.8895

Mid-Market Share Price

GBP1.6975

EUR2.4425

USD3.5950

Discount to Net Asset Value

(7.09)%

(7.58)%

(7.57)%

 

 

 

 

December 31 2013

GBP Shares

EUR Shares

USD Shares

Total Net Assets

GBP242m

EUR4m

USD10m

Net Asset Value per Share

GBP1.7884

EUR2.5827

USD3.8113

Mid-Market Share Price

GBP1.5675

EUR2.2200

USD3.2200

Discount to Net Asset Value

(12.35)%

(14.04)%

(15.51)%

 

 

 

 

June 30 2013

GBP Shares

EUR Shares

USD Shares

Total Net Assets

GBP228m

EUR4m

USD11m

Net Asset Value per Share

GBP1.6917

EUR2.4356

USD3.6006

Mid-Market Share Price

GBP1.4738

EUR2.1450

USD3.1500

Discount to Net Asset Value

(12.88)%

(11.93)%

(12.51)%






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Source: Alliance News


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