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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cqs Div Fnd. $ | LSE:CQSU | London | Ordinary Share | GG00B5WDRR74 | ORD NPV $ |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMCQS TIDMCQSU
RNS Number : 3900P
CQS Diversified Fund Limited
18 August 2014
CQS Diversified Fund Limited
Interim Management Statement
www.cqsdiversifiedfund.com
Hot Features
Premium
Overview
CQS Diversified Fund Limited (the "Company")
is a closed-ended investment company, registered
and incorporated in Guernsey on 27 October 2010
(registration number 52551).
This interim management statement relates to
the period from 1 April 2014 to the date of publication
of this statement and has been prepared solely
to provide additional information in order to
meet the relevant requirements of the UK Listing
Authority's Disclosure and Transparency Rules,
and should not be relied on by Shareholders,
or any other party, for any other purpose.
--------------------- ---------------------------------------------------------------------------------------
Investment Objective The investment objective of the Company is to
achieve attractive risk-adjusted returns over
the medium to long term by primarily investing
in convertible and credit-related strategies.
The Company will seek to achieve its investment
objective by investing substantially all of its
assets in the CQS Diversified Fund (SPC) Limited
- Segregated Portfolio Alpha ("DVA").
DVA is a fund incorporated in the Cayman Islands
with an investment objective to generate attractive
risk adjusted returns over the medium to long
term. DVA seeks to mitigate the risks and volatility
associated with investing in individual strategies
by constructing a portfolio of underlying funds
across a range of strategies. These underlying
funds primarily invest in convertible and credit
related strategies and are all currently managed
by CQS Cayman LP.
--------------------- ---------------------------------------------------------------------------------------
Share Capital The number of shares in issue in each share class
of the Company is summarised as follows: Share Class 1 April 2014 31 July 2014
------------- ------------- -------------
GBP Shares 67,902,494 65,267,127
------------- ------------- -------------
USD Shares 22,406,471 26,882,435
------------- ------------- -------------
Source: Citco Fund Services (Guernsey) Limited.
--------------------- ---------------------------------------------------------------------------------------
Performance The NAV per share* and return information of
Summary each share class of the Company is summarised
as follows: Share Class 31 Financial Calendar
July YTD YTD
2014 Return
------------- ---------- --------- ---------
GBP Shares
Net Asset
Value 114.34p +2.88% +0.86%
------------- ---------- --------- ---------
USD Shares
Net Asset
Value USD1.1450 +3.50% +1.56%
------------- ---------- --------- ---------
* NAV performance is provided for information
purposes only and is based on the final NAV per
share as at 31 July 2014, as agreed with the
administrator. Shares in the Company do not necessarily
trade at a price equal to the prevailing NAV
per Share.
The latest estimated NAV per share as at 8(th)
August 2014 was approximately 0.3% lower than
the finalised NAV from the 31(st) July 2014.
The Company's financial year end is 30 September.
Performance review for DVA
Further detail of monthly performance information
of the Company and DVA can be obtained from the
Company's monthly shareholder report, copies
of which are to be found on the Company's website:
www.cqsdiversifiedfund.com
--------------------- ---------------------------------------------------------------------------------------
Investment Profile
As at 1 August 2014, the investment portfolio
of DVA was approximately allocated on the following
basis:
Underlying Fund Allocation
%
--------------------------- -----------
ABS 31.63
--------------------------- -----------
Asia 5.14
--------------------------- -----------
Global Convertible
Arbitrage 26.96
--------------------------- -----------
Directional Opportunities 22.49
--------------------------- -----------
Credit Long Short 8.10
--------------------------- -----------
European Equity
Long Short 5.40
--------------------------- -----------
Cash 0.28
--------------------------- -----------
TOTAL 100.00
--------------------------- -----------
Source: CQS Cayman LP
--------------------- ---------------------------------------------------------------------------------------
Material Events
and Transactions
As a result of the outcome of the continuation
vote in March 2014 the USD Shareholders will
be redeeming their holdings on 1 September 2014.
The first quarterly dividend of 1pence per ordinary
share was paid to the Sterling Shareholders on
30 July 2014.
The Board is not aware of any other significant
events or transactions that have occurred between
1 April 2014 and the date of publication of this
statement which would have a material impact
on the financial position of the Company.
--------------------- ---------------------------------------------------------------------------------------
Investor Information The latest available information on the Company
can be accessed via www.cqsdiversifiedfund.com
By order of the Board
CQS Diversified Fund Limited
18 August 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSBGGDILGBBGSI
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