Fund Information
Dexion Commodities Limited (formerly Dexion Alpha Strategies Limited) (the “Company”)
On 31 July 2009, the Company announced through RNS that the reorganisation proposals that it had put forward to shareholders had been unanimously passed at the Extraordinary General Meeting held earlier the same day.
As a result, the Company’s investment policy was refocused as a multi-manager, multi-strategy portfolio of commodities themed hedge funds, managed on a day to day basis by MAN Investments (CH) AG – Guernsey Branch (formerly RMF Investment Management – Nassau Branch). To better reflect the Company's revised investment policy, the Company's name changed to Dexion Commodities Limited.
As at 1 January 2010 approximately 99% of the portfolio is invested in commodities and environmental investments.
Overview
The investment objective of the Company will be to maximise medium-term returns in a manner commensurate with acceptable risk management.
Prior to Shareholder approval of the reorganisation proposals at an extraordinary general meeting of the Company on 31 July 2009 (the “Reorganisation Proposals”), the Company sought to achieve its investment objective through investment in an actively managed diversified portfolio of underlying funds across a range of alternative investment strategies which target emerging and/or under-exploited sources of alpha.
Following the Reorganisation Proposals, the Company will seek to achieve its investment objective through an investment policy that focuses upon commodity, energy, and environmental strategies accessed, directly or indirectly, through a multi-manager, multi-strategy portfolio of commodities themed hedge funds.
The Investment Adviser will seek to realise or otherwise dispose of those investments in the portfolio which are not consistent with the revised investment policy. It is the Investment Adviser’s current expectation that approximately 90% of the portfolio will be invested in accordance with the revised investment policy by 1 October 2009.
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
Latest Share Price & NAV
Contact Details
Download Historical Data
Performance Data
| 30-Jul-10 |
July (%) |
YTD (%) |
ITD *(%) |
Volatility *(%) |
Sharpe *ˆ |
|
| Dexion Commodities £ Share NAV | 92.45 | 1.68 | -5.21 | -1.39 | 7.92 | -0.64 |
| Dexion Commodities € Share NAV | 1.1187 | 1.63 | -5.07 | -5.37 | 8.64 | -0.94 |
| Dexion Commodities US$ Share NAV | 1.5813 | 1.75 | -4.84 | -1.94 | 7.14 | -0.67 |
| HFRI Fund of Funds Index (US$) | 0.88 | -0.35 | 0.29 | 6.94 | -0.37 | |
| MSCI World Index Gross (TR) (US$) | 8.13 | -2.20 | -1.18 | 19.78 | -0.20 | |
| JPM Global Gov’t Bond Index (TR) (US$) | 3.40 | 3.79 | 7.98 | 7.81 | 0.65 | |
* Annualised from inception date and based on monthly data.
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Share Class
| Inception Date | Bloomberg^ | Reuters^ | Isin | Sedol | Total Net Assets* | |
| £ | 24 Mar 2006 | DCL LN | DCL.L | GB00B0ZQ8Q41 | B0ZQ8Q4 | £40.41M |
| € | 24 Mar 2006 | DCLE LN | DCLx.L | GB00B0ZQ9943 | B0ZQ994 | €5.45M |
| US$ | 24 Mar 2006 | DCLU LN | DCLu.L | GB00B0ZQBH64 | B0ZQBH6 | US$1.71M |
^ as from 04-Aug-09 |
* as at 30-Jun-09 |
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Net Asset Value Performance
✝ Chart data as at 30-Jul-10
Share Price Performance
✝ Chart data as at 30-Jul-10
Portfolio Allocation
✝ Chart data as at 30-Jul-10
Performance By Strategy
✝ Chart data as at 30-Jul-10
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 9 Bridewell Place, London EC4V 6AW.
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.