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Dexion Absolute Ltd (DAB)

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Friday 08 June, 2012

Dexion Absolute Ltd

Portfolio Construction

RNS Number : 9830E
Dexion Absolute Limited
08 June 2012
 



Dexion Absolute Limited (the "Company")

 

Portfolio Construction as at 31 May 2012 (estimated and prior to the Portfolio Split)

 

In support of the Monthly Portfolio Report and annual financial statements disclosures, the Company announces its estimated Continuing Portfolio construction (estimated and prior to the Portfolio Split effective 31 May 2012).

 

As at 31 May 2012 the Company's estimated Continuing Portfolio (estimated and prior to the Portfolio Split effective 31 May 2012) comprised the following Investments:-

 

Name of Investment

Strategy

% NAV Estimated




AKO Fund Limited

Long/Short Equities

2.70%

Alden Composite

Long/Short Credit

2.81%

Alysheba Fund Limited

Long/Short Equities

0.86%

Astenbeck Offshore Commodities Fund II Ltd

Macro

1.59%

Avantium Liquid EM Macro Fund Limited

Macro

0.97%

Azentus Global Opportunities Fund Limited

Opportunistic

1.86%

Barrington Offshore Ltd.

Portfolio Hedge

1.36%

BlueTrend Fund Limited

Macro

0.92%

Brevan Howard Fund Limited

Macro

3.75%

Cadian Offshore Fund Ltd.

Long/Short Equities

0.91%

CCP Quantitative Fund

Macro

0.61%

Centerbridge Credit Partners Offshore, Ltd.

Long/Short Credit

2.15%

Cevian Capital II Ltd

Event-Driven

1.72%

CFIP SOF, Ltd.

Portfolio Hedge

1.31%

Cobalt Offshore Fund, Ltd.

Long/Short Equities

0.68%

Columbus Hill Overseas Limited

Long/Short Credit

3.20%

Discovery Global Opportunity Fund, Ltd.

Macro

3.69%

Dymon Asia Macro Fund Offshore

Macro

0.76%

Eton Park Overseas Fund, Ltd.

Opportunistic

0.84%

Greenlight Composite

Long/Short Equities

2.37%

Indus Asia Pacific Fund, Ltd.

Long/Short Equities

0.69%

Ionic Select Opportunities Fund, Ltd.

Portfolio Hedge

0.95%

JAT Capital Offshore Fund, Ltd.

Long/Short Equities

0.59%

JHL Capital Group Fund, Ltd

Opportunistic

2.37%

Kingsford International

Portfolio Hedge

1.44%

Lansdowne Developed Markets Fund Limited

Long/Short Equities

1.50%

Lansdowne Global Financials Fund Limited

Long/Short Equities

1.51%

Luxor Capital Partners Offshore, Ltd.

Opportunistic

2.52%

Miura Global Fund, Ltd.

Long/Short Equities

1.67%

Monarch Opportunities Fund Ltd.

Long/Short Credit

2.86%

Orange Capital Offshore I, Ltd.

Opportunistic

0.88%

Palomino Thoroughbred Composite

Long/Short Credit

6.43%

Passport Composite

Long/Short Equities

1.38%

Pennant Broadway Gate Composite

Long/Short Equities

2.83%

PFM Diversified Offshore Fund, Ltd.

Long/Short Equities

2.04%

PFM Healthcare Offshore Fund, Ltd.

Long/Short Equities

1.97%

Pine River Tail Hedge Fund Ltd.

Portfolio Hedge

1.33%

Redwood Offshore Fund, Ltd.

Long/Short Credit

5.67%

RoundKeep Icho Global Fund Limited

Event-Driven

0.99%

Scout Capital Fund, Ltd.

Long/Short Equities

1.59%

Sloane Robinson Composite

Long/Short Equities

1.13%

Standard Investment Research Energy Opportunities Overseas Fund, Ltd.

Long/Short Equities

1.00%

Tabor Fund International Limited

Portfolio Hedge

1.21%

Tyrus Composite

Event-Driven

3.30%

ValueAct Capital International II, L.P.

Event-Driven

1.63%

WCG Offshore Fund, Ltd.

Macro

4.40%

West Face Long Term Opportunities Fund Ltd

Event-Driven

4.05%

York Credit Composite

Long/Short Credit

2.26%

York Total Return - York European Focus Unit Trust

Opportunistic

1.44%

York Total Return - York Select Unit Trust

Opportunistic

0.86%

 

Note:

 

Allocations are estimated and as at 31 May 2012 for the Continuing Portfolio only (estimated and prior to the Portfolio Split effective 31 May 2012). The allocation percentage is derived from dividing the value of the Company's investment with the manager by the net asset value of the Continuing Portfolio. It is net of cash effect and is calculated on a look-through basis. The Company treats investments in different hedge funds of the same manager which are managed in the same strategy as a composite for the purpose of determining manager count and computing percentage allocations.

 

Allocations exclude any manager for which the Company has submitted a full redemption request and has at any point thereafter represented less than 0.5% of the Company's net asset value.

 

This report excludes any manager that consists solely of designated investments as of a prior reporting period and certain Portfolio Hedge investments, including the notional value of futures contracts, the delta-adjusted value of options and the notional gold exposure of an investment with a Long/Short Equities manager that intends to provide approximately 100% gold exposure to its portfolio. The notional values of futures contracts and the delta-adjusted value of options, if any, were approximately 3.09% as of 31 May 2012. The notional gold exposure was estimated to be 0.92% as of 31 May 2012. The Company classifies all managers by reference to only one of the core trading strategies provided in the report (which include several strategies whose nature is multi-strategy). In certain instances, and over time, a manager may utilize multiple trading strategies. Consequently, it is possible that the Company's determination of a manager's primary trading strategy may change over time and may differ from how others may classify such manager's primary trading strategy.

 

Enquiries:

 

Chris Copperwaite

Dexion Capital (Guernsey) Limited

Tel: +44 (0)1481 732815

 


This information is provided by RNS
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