Conversus Capital Ord

On 1-Sep-11, in response to market conditions and the levels at which Conversus units had traded compared to NAV, the Company adopted a permanent harvesting strategy. Under the harvesting strategy, the Company has discontinued all new private equity investments other than funding existing commitments, making follow-on private equity investments to protect, support or enhance existing investments, and engaging in hedging activities related to the portfolio, unless otherwise approved by the Conversus Board. CAM will continue to actively manage the current portfolio of funded investments and unfunded commitments including the consideration of opportunistic sales of assets when appropriate. We will seek to maximize long-term unit holder value by returning capital to unit holders through a combination of methods deemed most appropriate under the circumstances, including cash distributions and unit repurchases. The Company expects to maintain a mature, diverse and high quality portfolio of private equity investments. We believe that our current portfolio is consistent with those parameters. To date, the Company has returned significant capital to unit holders through unit repurchases and unit holder distributions and will continue to do so under the harvesting strategy. We actively manage the portfolio and our balance sheet in accordance with our goal of maximizing long-term value and will consider proactive steps, if necessary, to retain appropriate diversification in our portfolio and to provide liquidity supporting further returns of capital to unit holders.

Key stats

Management firm  Conversus Capital
Domicile  Guernsey
Global Branding Name  Conversus
Fund Status  OBSOLETE
Fund currency  USD
Launch Date  2007-06-29
Obsolete Date  2013-12-23
ISIN  GG00B1WR8K11
SEDOL  B1WR8K1
Manager 1 Name  Timothy Smith
Fund Strategy  Sector Equity Private Equity
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2013-11-30
Return - 1 Month  0.00%
Return - 2 Months  0.00 %
Return - 3 Months  96.77%
Return - 6 Months  -3.17 %
Return - 9 months  -3.17 %
Return - 12 Months  -7.84%
Annualized return 24 months  -10.57 %
Annualized return 36 months  -3.89 %
Annualized return 48 months  1.46 %
Annualized return 60 months  -0.23 %
Annualized return since Inception  -0.68%
Return YTD  -3.17%

Ratings

Morning Star Rating Date   2013-11-30
Morning Star Rating - 36 Months  fund has a 1 star rating
Morning Star Rating - 60 Months  fund has a 1 star rating
Morning Star Rating - Overall  fund has a 1 star rating

Charges

Maximum Managment Charge  1.00 %
Performance Fee  10.00 %

Contact

Contact country  United Kingdom
Fund Admin Group  Conversus Capital

Price

Last Price Date  2013-12-20

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Ratings Disclaimer

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