Performance of Funds – June 2014
For Immediate Release 31 July 2014
Performance of Funds – Monthly Update
The following table gives the performance for the month ended 30 June 2014 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 |
June |
January to June |
Total return since inception |
IRR |
Notes |
|
% |
% |
% |
% p.a |
||
|
Puma High Income VCT |
0.2 |
0.6 |
27.1 |
9.1 |
1 |
|
Puma VCT VII |
0.1 |
0.3 |
28.7 |
12.4 |
1 |
|
Puma VCT 8 |
0.2 |
0.8 |
31.1 |
19.2 |
1 |
|
Puma VCT 9 |
0.2 |
0.7 |
30.5 |
37.4 |
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 2013 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.
Following the conclusion of the management contract with Puma Hotels plc on 31 May 2014, total funds under management at the end of June 2014 were £700 million, (equivalent at that date to US$1,100 million).
Enquiries:
Shore Capital
Graham Shore 020 7408 4090
Pelham Bell Pottinger
Olly Scott 020 7861 3232
Charles Goodwin
Notes to Editors
Shore Capital
1. Shore Capital is an AIM-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 Berlin. 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 London Stock Exchange.
3. Further information on Shore Capital, its products and services can be found at www.shorecap.gg
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