For Immediate Release 6 December 2011
Performance of Funds - Monthly Update
The following table gives the performance for the month ended 31 October 2011 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 | October % | January to October % | Total return since inception % | IRR % p.a | Notes | |
| PARF £class | -2.2 | -5.7 | 49.2 | 4.8 | ||
| Puma Sphera | 1.4 | -8.6 | 61.7 | 10.3 | ||
| Puma VCT V | 0.0 | -0.7 | 37.6 | 13.1 | 1 | |
| Puma High Income VCT | 0.4 | -2.8 | 26.7 | 20.6 | 1 | |
| Puma VCT VII | 0.1 | -3.5 | 28.0 | 82.2 | 1 | |
| Discretionary Clients Growth | 5.8 | -7.3 | 56.2 | 4.6 | ||
| Discretionary Clients Balanced | 6.1 | -5.6 | 84.8 | 6.5 | ||
| Multi-Manager Growth | 8.1 | -8.0 | 116.1 | 9.7 | ||
| Multi-Manager Income | 4.5 | 2.1 | 52.6 | 5.9 | ||
| AIM IHT | -0.1 | -2.9 | 157.2 | 16.6 | ||
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 2010 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. The returns for the discretionary portfolios and multi-manager products are gross.
Total funds under management as at the end of October 2011 were £1.3 billion, equivalent at that date to $2.0 billion.
Enquiries:
Shore Capital
Graham Shore 020 7408 4090
Buchanan Communications:
Richard Oldworth 020 7466 5000
Jeremy Garcia
Helen Chan
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