Fact sheet: Alt Liq

Fund information
Fund name
Alternative Liquidity
Fund manager company
Morgan Creek Capital Managemen
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
To generate total returns for investors through the management and realisation of its portfolio. The investment policy of the Company is to invest globally in a portfolio of illiquid assets, which is expected to comprise predominantly of investments in funds. These may include hedge funds and other funds invested in loans, structured products, real estate and life settlement policies. The portfolio may also include directly owned assets which are owned by the above-mentioned types of funds but have been sold on the secondary market or distributed in specie to investors in such funds, including equity and debt securities, loan and derivative and contractually based investments. The Company has not set maximum or minimum exposures for asset classes or sectors but expects to maintain a portfolio diversified across different geographies and sectors.
Benchmark
No data available.
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
119.5%
1 Year rank in sector
1/8
Sector
IT Hedge Funds
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.19%
Fund size
£37m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
562
Mid price
0.25
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+0.00
Top in this sector
Fund name1 Year
Alt Liq119.5%
Gbl Fxd In Realisation Ltd43.8%
Third Point OS Inv Ltd24.3%
Boussard&Gavudn Hldg Ltd10.6%
Hibrdg Multi-Strategy Ltd10.2%
...more in IT Hedge Funds

Performance snapshot

Holdings snapshot

  • Brazil64%
    Ukraine11%
    Money Market6%
    India5%
    China3%
  • Fixed Interest56%
    Real Estate19%
    Others13%
    Equities6%
    Money Market6%
  • Global Fixed Interest56%
    Property Shares19%
    Others13%
    International Equities6%
    Money Market6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%37.6%50.2%119.5%--
Sector0.9%1.9%9.6%23.2%35.4%45.8%
Rank within sector3 / 71 / 81 / 81 / 8--
Quartile2nd1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-2%141.7%77.3%--
Sector0.7%22.1%15.9%-3.8%3.5%
Rank within sector7 / 71 / 81 / 8--
Quartile4th1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high0.27
52 week low0.11
Current bid price0.24
Current offer price0.26
Current mid price0.25
Region
1Brazil64%
2Ukraine11%
3Money Market6%
4India5%
5China3%
6USA3%
7Indonesia2%
8Czech Republic1%
9Others1%
Industry sector
1Fixed Interest56%
2Real Estate19%
3Others13%
4Equities6%
5Money Market6%
Asset type
1Global Fixed Interest56%
2Property Shares19%
3Others13%
4International Equities6%
5Money Market6%
Individual holdings
1VISION FCVS RJ FUND25%
2VISION ELETROBRAS20%
3UBIQUE LIMITED9%
4VISION FCVS PB FUND8%
5GROWTH MANAGEMENT LIMITED4%
6ABAX ARHAT FUND3%
7SOUTH ASIAN REAL ESTATE LIMITED3%
8AGRO SPECIAL SITUATIONS FUND2%
9AUTONOMY FUND2%
Management
Fund manager group
No data available.
Fund manager company
Morgan Creek Capital Managemen
Fund type
Investment Trust
Fund objective
To generate total returns for investors through the management and realisation of its portfolio. The investment policy of the Company is to invest globally in a portfolio of illiquid assets, which is expected to comprise predominantly of investments in funds. These may include hedge funds and other funds invested in loans, structured products, real estate and life settlement policies. The portfolio may also include directly owned assets which are owned by the above-mentioned types of funds but have been sold on the secondary market or distributed in specie to investors in such funds, including equity and debt securities, loan and derivative and contractually based investments. The Company has not set maximum or minimum exposures for asset classes or sectors but expects to maintain a portfolio diversified across different geographies and sectors.
Benchmark
No data available.
Investment style
Multi Strategy
Investment method
Mixed
Fund manager
No data available.
Compliance
AIC Member, Offshore
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Alternative Liquidity
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price0.24
Offer price0.26
Mid price0.25
CurrencyUSD
Price updated19/01/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMRYS
Data provided by

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