Puma Performance of Funds – Monthly Update October 2013
For Immediate Release 20 December 2013
Performance of Funds – Monthly Update
The following table gives the performance for the month ended 30 November 2013 of the funds managed by the Group’s subsidiary Shore Capital Limited, other than products where monthly statistics are not available.
The table below shows returns for the month:
|
Fund |
November |
January to November |
Total return since inception |
IRR |
Notes |
|
% |
% |
% |
% p.a |
||
|
Puma VCT V |
0.7 |
3.2 |
39.6 |
8.9 |
1 |
|
Puma High Income VCT |
0.1 |
0.3 |
26.3 |
10.0 |
1 |
|
Puma VCT VII |
– |
0.7 |
28.3 |
14.8 |
1 |
|
Puma VCT 8 |
(0.1) |
(0.3) |
30.2 |
25.6 |
1 |
Notes
1. Total return and IRR include the effect of the tax relief gained upon initial investment.
Further details of these funds including inception dates and strategies are given in the Group’s 2012 Annual Report and Accounts. The returns of all managed fund products are after an accrual for any carried interest and are net of a provision for all management fees and expenses.
Total funds under management as at the end of November 2013 were £900 million, equivalent at that date to $1,400 million.
Enquiries:
Shore Capital
Pelham Bell Pottinger
Olly Scott 020 7861 3232
Charles Goodwin 020 7861 3232
Notes to Editors
Shore Capital
1. Shore Capital is anAIM -listed independent investment group. It specialises in principal finance, equity capital market activities and alternative asset management. The Equity Capital Markets division (“ECM”) offers a wide range of services for companies, institutions and other sophisticated clients, including corporate finance, stockbroking and market-making. Shore Capital Limited manages specialist funds, with a particular focus on alternative asset classes.
2. Shore Capital is based in Guernsey, London, Liverpool,Edinburgh and. Shore Capital Limited, Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited are each authorised and regulated by the Financial Services Authority. Shore Capital Stockbrokers Limited is a member of the Berlin Stock Exchange. London
3. Further information on Shore Capital, its products and services can be found at www.shorecap.gg
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Performance of Funds for the month ended 30 November 2013