New Star Financial Opp Fund Ld Announcements

RNS Number : 5107H New Star Financial Opp Fd Ltd 05 November 2008  
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The Directors of New Star Financial Opportunities Fund Limited today announce that the unaudited Net Asset Value per Ordinary Share based on bid prices (excluding income from 1 December 2007) as at 31 October 2008 was 33.91 pence (including income it was 34.93 pence).

The Treasury Net Asset Value per Ordinary Share based on bid prices (excluding income from 1 December 2007) as at 31 October 2008 was 33.92 pence (including income it was 34.84 pence).

The Company had total assets of £20.056 million and net current liabilities of £7.125 million as at 31 October 2008. 

Largest Holdings
Holding 
Stock
Vluae (£)
% of Fund
  120,000 
HSBC Holdings
914,400
4.6%
  350,000 
Personal Group Holdings
787,500
3.9%
  1,000,000 
Santander International 3.375% Bond
766,049
3.8%
  750,000 
Brit Insurance 8.5% ULS
721,200
3.6%
  750,000 
Investec Finance 7.75% Bond
683,850
3.4%
  750,000 
Provident Financial 7.125% Sub Bond
665,925
3.3%
  8,000 
Munich Re
653,022
3.3%
  180,000 
DnB NOR
637,095
3.2%
  12,750 
BNP Paribas
559,451
2.8%
  150,000 
Aviva
552,000
2.8%
  70,000 
Banco Santander
459,818
2.3%
  300,000 
RSA Insurance
412,500
2.1%
  550,000 
SVG Capital 8.25% CULS
405,405
2.0%
  300,000 
Randall & Quilter
390,000
1.9%
  600,000 
Argon 8.162% Bond
370,980
1.8%
  3,000 
Zurich Financial Services
369,735
1.8%
  350,000 
PSource Structured Debt
343,000
1.7%
  550,000 
F&C Asset Management 6.75% Sub Bond
341,000
1.7%
  750,000 
Wogen
337,500
1.7%
  250,000 
Hansard Global
327,500
1.6%
  450,000 
Legal & General
320,850
1.6%
  500,000 
Intesa Sanpaolo 6.625% Bond
305,721
1.5%
  250,000 
Liontrust Asset Management
292,500
1.5%
  25,000 
Axa
290,771
1.4%
  350,000 
Standard Chartered 8.103% Sub Bond
289,625
1.4%
  500,000 
Chaucer Holdings
288,750
1.4%
  350,000 
Nordea 6.25% Sub Bond
282,520
1.4%
  40,000 
BBVA
281,902
1.4%
  200,000 
International Personal Finance
279,000
1.4%
  350,000 
HBOS 9.54% Cap Funding
278,845
1.4%
 Derivatives 

The Company has short positions equivalent to -10.4% of total assets

Asset Allocation
% of Fund

 Fixed Interest 
35.3%
 Banks 

14.2%

 General Financial 
10.7%

 Insurance 

5.8%

 Investment Companies 
3.1%

 Real Estate 

0.0%

 Life Assurance 
0.0%

 Equities 

64.7%

 Banks 

25.3%

 Insurance 

18.1%

 General Financial 
8.7%

 Life Assurance 
6.6%

 Investment Companies 
3.6%

 Real Estate 

2.4%

The Company has 42,369,924 Ordinary Shares in issue of which 4,236,992 are held in Treasury.

Enquiries to:    
 
Elysium Fund Management Limited
No 1 Le Truchot
St Peter Port
Guernsey GY1 3JX
 
www.elysiumfundman.com
This information is provided by RNSThe company news service from the London Stock Exchange  END  PFUFSSFEISASEIF