For Immediate Release 20 December 2013
Performance of Funds - Monthly Update
The following table gives the performance for the month ended 30 November 2013 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 | November | January to November | Total return since inception | IRR | Notes |
| % | % | % | % p.a | ||
| Puma VCT V | 0.7 | 3.2 | 39.6 | 8.9 | 1 |
| Puma High Income VCT | 0.1 | 0.3 | 26.3 | 10.0 | 1 |
| Puma VCT VII | - | 0.7 | 28.3 | 14.8 | 1 |
| Puma VCT 8 | (0.1) | (0.3) | 30.2 | 25.6 | 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 2012 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.
Total funds under management as at the end of November 2013 were £900 million, equivalent at that date to $1,400 million.
Enquiries:
Shore Capital
Graham Shore 020 7408 4090
Pelham Bell Pottinger
Olly Scott 020 7861 3232
Charles Goodwin
Notes to Editors
Shore Capital