PSV Psolve Alt

RNS Number:6377Q
PSolve Alternatives PCC Ltd
20 March 2008

PSolve Niche Opportunities Fund - February 2008 NAV estimate



PSolve Niche Opportunities Fund is a closed-ended protected cell of PSolve
Alternatives PCC Limited (the "Company").



20th March 2008



Estimated Net Asset Value



Estimated performance in February 2008 was -6.42%. As at 29 February, the
estimated net asset value ("NAV") of the Fund's shares was 99.22p.



This valuation is for information purposes only. Monthly net asset values are
based principally on formal valuations supplied to the Company by the
administrators of the Company's underlying investments. Where no such valuation
has been received by the Company's valuation date, an estimated valuation
prepared by the manager or administrator of the underlying fund has been used.



Investors should note that many or all of the Company's investments are unquoted
and that valuations or estimates are unaudited and may not comply with generally
accepted accounting or valuation principles. Furthermore, no verification or
other due diligence process has been undertaken in respect of these valuations
or estimates and PSolve Alternatives PCC Limited accepts no responsibility for
the accuracy of such information.



Investment Policy



PSolve Niche Opportunities Fund targets absolute returns in excess of 15% per
annum averaged over any five year period with low correlation to traditional
equity benchmarks and volatility of less than 10%.



The Company seeks to achieve this through active portfolio management beginning
with a top down macro analysis of global opportunities and risks, then building
the portfolio by identifying hedge fund managers on a bottom up basis.
Diversification of return drivers is sought to ensure that the portfolio is able
to generate returns and suffer limited downside during market events. The
portfolio will typically comprise of around 20 managers. There is an emphasis on
smaller, niche hedge funds.



The Company's shares are denominated in Sterling and the Company will apply a
currency hedging policy to protect the Sterling value from movements in the US
Dollar denominated underlying investments.



Investment of Net Proceeds of Issue



As at 29 February, the Fund was approximately 100% invested in 20 underlying
hedge funds across 5 strategies.



Enquiries: PSolve Alternative Investments

Steve Wakefield

Phone + 44 (0) 20 7024 7435



Enquiries: HSBC Securities Services (Guernsey) Limited

Alison J Bilham

Phone + 44 (0) 1481 707213



END


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

NAVGGGZFNGRGRZM

Psolve Alternatives Pcc (LSE:PSV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Psolve Alternatives Pcc (LSE:PSV)
Historical Stock Chart
From Jul 2023 to Jul 2024