Fund Information

Overview

The Company's investment objective is to generate consistent long-term capital appreciation with low volatility and little correlation with the general equity and bond markets through a portfolio having a diversified risk profile. The Company seeks to achieve this through investment in an actively managed portfolio of hedge funds diversified by investment strategy, style and manager. The Company’s shares are denominated in Sterling, Euros, and US Dollars and the Company implements a hedging policy to protect the Sterling and Euro value of its US Dollar denominated investments.

Key Facts

Manager
Dexion Capital (Guernsey) Limited

Investment Adviser
Aurora Investment Management L.L.C.

Investment Consultant
Dexion Capital plc

Total Net Assets (as at 30-Dec-11)
£702.67M

Latest Share Price & NAV

	Last	Bid	Offer	NAV**
GBX	139.645	139.500	139.900	156.44
EUR	1.763	1.760	1.800	2.0054
USD	2.374	2.385	2.425	2.7220

As at 13:55:01 06-Feb-2012
*Delayed by 15 minutes

**NAV estimated as at 27-Jan-12

Contact Details

Telephone
+44 1481 743940

Download Historical Data

NAV/Performance
DAL Monthly Data.xls

Share Price
DAL Daily Shareprice.xls

Performance Data

	30-Dec-11	December (%)	YTD (%)	ITD *¹(%)	Volatility *¹(%)	Sharpe *ˆ¹
Dexion Absolute £ Share NAV	154.51	-0.46	-5.65	+5.16	7.17	+0.24
Dexion Absolute € Share NAV	1.9818	-0.60	-6.53	+0.87	9.18	-0.15
Dexion Absolute US$ Share NAV	2.6894	-0.48	-6.64	+2.18	7.16	-0.04
HFRI Fund of Funds Index (US$)		-0.36	-5.56	+3.52	5.72	+0.23
MSCI World Index Gross (TR) (US$)		-0.02	-5.02	+7.20	16.58	+0.30
JPM Global Gov’t Bond Index (TR) (US$)		+1.02	+7.22	+7.01	7.33	+0.65

* Annualised from inception date of DAB £, DAB €, and DAB US$, based on monthly data. ^ Risk free rate is average 1M GBP LIBOR since December 2002 (3.43%) for DAB £, average 1M EUR LIBOR since June 2005 (2.29%) for DAB €, average 1M USD LIBOR since June 2005 (2.44%) for DAB US$ and average 1M USD LIBOR since December 2002 (2.22%) for US$ indices. ¹ MSCI World Index and JPM Global Gov’t Bond Index annualised since December 2002 and HFRI Fund of Funds Index annualised from 1st January 2003. Source: Bloomberg (data), Dexion Capital (calculation)

Share Class

	Inception Date	Bloomberg	Reuters	Isin	Sedol	Total Net Assets
£	19 Dec 2002	DAB LN	DAB.L	GB0032287020	3228702	£602.22M
€	28 Jun 2005	DABE LN	DABx.L	GB00B0FXK920	B0FXK92	€82.80M
US$	28 Jun 2005	DABU LN	DABu.L	GB00B0FXL332	B0FXL33	US$48.62M

Net Asset Value Performance

✝ Chart data as at 30-Dec-11

Share Price Performance

✝ Chart data as at 30-Dec-11

Portfolio Allocation

✝ Chart data as at 30-Dec-11

Performance By Strategy

✝ Chart data as at 30-Dec-11

Site issued and operated by Dexion Capital. Dexion Capital is registered in England and Wales under company number 4040660 and has its registered office at 1 Tudor Street, London EC4Y 0AH.
Dexion Capital is authorised and regulated by the Financial Services Authority and provides services and markets securities in the United Kingdom and certain E.U. and other non-U.S. jurisdictions. The contents of this site may only be accessed by certain categories of persons and are not available to all persons. Dexion closed-end funds are not registered under the U.S. Securities Act of 1933 or the Investment Company Act of 1940 and are not being offered or sold in the U.S.