For Immediate Release 26 October 2012
Performance of Funds - Monthly Update
The following table gives the performance for the month ended 30 September 2012 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 | September | January to September | Total return since inception | IRR | Notes |
% | % | % | % p.a | ||
Puma Sphera | 1.2 | 2.3 | 66.1 | 9.1 | |
Puma VCT V | (0.2) | (0.8) | 37.3 | 10.3 | 1 |
Puma High Income VCT | 0.2 | 0.7 | 26.0 | 13.8 | 1 |
Puma VCT VII | 0.3 | 1.0 | 27.9 | 26.4 | 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 2011 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 September 2012 were £900 million, equivalent at that date to $1,400 million.
Enquiries:
Shore Capital
Graham Shore 020 7408 4090
Buchanan Communications:
Richard Oldworth 020 7466 5000
Jeremy Garcia
Helen Chan
Notes to Editors
Shore Capital