Aberdeen Private Equity Fund Ltd. Sterling Part Shares (APEF)

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 8.73p
   
  • Change Today:
      0.000p
  • 52 Week High: 147.00p
  • 52 Week Low: 8.72p
  • Currency: UK Pounds
  • Shares Issued: 109.13m
  • Volume: 0
  • Market Cap: £9.52m

Aberdeen Private Equity reduces hedge fund exposure

Date: Monday 26 Jul 2010

LONDON (ShareCast) - Aberdeen Private Equity Fund Ltd (APEF) has cut its exposure to hedge funds to 3.3% of its NAV at the end of March 2010 and the exposure to private equity funds has increased.

More than 53% of its NAV is invested in private equity and private equity funds.

At the year end, APEF had dollar and sterling shares but the dollar shares have since been converted into sterling shares. The conversion terms were 0.5810 of a sterling share for every dollar share.

The sterling share NAV fell from 90.1p to 89.55p a share over the year to March 2010. Exposure to Bernard Madoff-related investments has not helped. At the end of March 2010, the discount to NAV was 39.7%.

The board wants shareholder approval to buy back 14.99% of APEF’s shares.

Guernsey-based APEF was known as Bramdean Alternatives Ltd until June. Aberdeen Asset Management took over from Bramdean Asset Management as investment manager in November 2009. Aberdeen was appointed for an initial three year period. The decision was taken to focus on private equity fund investments.

Bramdean was floated by Nicola Horlick’s Bramdean Asset Management in 2007 and the subject of a bid from Petersfield Asset Management in 2009. Petersfield was set up by Horlick in response to indications from several of Bramdean’s major shareholders that they would favour a realisation of the firm’s assets as quickly as possible. The bid came to nothing and the fund has continued in existence although it has adapted its investing policy.

Victor Tchenguiz’s investment vehicle, Elsina is a major shareholder in APEF.

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APEF Market Data

Currency UK Pounds
Share Price 8.73p
Change Today 0.000p
% Change 0.00 %
52 Week High 147.00p
52 Week Low 8.72p
Volume 0
Shares Issued 109.13m
Market Cap £9.52m

APEF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.62% above the market average93.62% above the market average93.62% above the market average93.62% above the market average93.62% above the market average
98.86% above the sector average98.86% above the sector average98.86% above the sector average98.86% above the sector average98.86% above the sector average
Price Trend
99.05% below the market average99.05% below the market average99.05% below the market average99.05% below the market average99.05% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
38.69% above the market average38.69% above the market average38.69% above the market average38.69% above the market average38.69% above the market average
87.59% above the sector average87.59% above the sector average87.59% above the sector average87.59% above the sector average87.59% above the sector average
Growth
91.13% below the market average91.13% below the market average91.13% below the market average91.13% below the market average91.13% below the market average
80.23% below the sector average80.23% below the sector average80.23% below the sector average80.23% below the sector average80.23% below the sector average

APEF Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Feb-18 17-Aug-17
Paid 16-Mar-18 20-Sep-17
Amount 2.00p 2.00p

Trades for --2018

Time Volume / Share Price
0 @ 0.000p

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