Blue Capital Alternative Income Fund Limited

The original investment objective of Blue Capital Alternative Income Fund Limited (the Funds) was to generate attractive returns from a sustainable dividend yield and longer term capital growth by investing substantially all of its assets in a segregated account of Blue Water Master Fund Ltd. This segregated account invested in a diversified portfolio of collateralised reinsurance-linked contracts and other investments whose value was based on insured catastrophe event risks, which are largely uncorrelated to traditional asset classes.

On 9 May 2018, the Board of the Fund announced its intent to recommend an orderly run-off of the Fund at a Special General Meeting of shareholders held on 25 July 2018. At the Special General Meeting, the orderly run-off was approved and the Fund was subsequently de-listed from all exchanges.

Fund Summary

  • Domicile:
    Bermuda
  • Launch Date:
    December 2012
  • Structure:
    Closed-ended Fund
  • NAV per Ordinary Share
    $0.7478 (June 2018)
  • Net Assets
    $131.2M (June)

Ordinary Share NAV Total Return (Inclusive of Dividends Paid)

 

Q1

Q2

Q3

Q4

Full Year

2018

2.2%

1.5%

-

-

-0.7%

2017

1.0%

0.8%

-25.0%

-1.5%

-24.9%

2016

1.1%

-1.2%

6.6%

1.7%

8.3%

2015

0.8%

1.1%

4.8%

2.7%

9.6%

2014

0.5%

0.5%

5.7%

1.9%

8.8%

2013

1.2%

1.5%

6.7%

2.0%

11.8%

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