For Immediate Release
30 December 2014
Performance of Funds - Monthly Update
The following table gives the performance for the month ended 30 November 2014 of the funds managed by the Group's subsidiary Shore Capital Limited and Puma Investments Management 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 High Income VCT | - | 0.7 | 27.1 | 8.4 | 1 |
| Puma VCT VII | 0.1 | 1.4 | 29.7 | 11.4 | 1 |
| Puma VCT 8 | 0.3 | 1.2 | 31.5 | 16.4 | 1 |
| Puma VCT 9 | 0.2 | 1.6 | 31.4 | 27.0 | 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 2013 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 2014 were £700 million, equivalent at that date to $1,100 million.
Enquiries:
Shore Capital
Graham Shore +44 (0) 20 7408 4090
Bell Pottinger (Public Relations)
Olly Scott
Zoe Pocock +44 (0) 20 3772 2500
Notes to Editors
Shore Capital