New Star Financial Opp Fund Ld Announcements

RNS Number : 4227J New Star Financial Opp Fd Ltd 02 December 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 30 November 2008 was 32.78 pence (including income it was 34.05 pence).

The Treasury Net Asset Value per Ordinary Share based on bid prices (excluding income from 1 December 2007) as at 30 November 2008 was 32.60 pence (including income it was 33.74 pence).

The Company had total assets of £19.686 million and net current liabilities of £7.185 million as at 30 November 2008.

Please note that this is an estimate and may differ from the final net asset value disclosed in the 30 November 2008 financial statements.

Largest Holdings
Holding 
Stock
Value (£)
% of Fund
  120,000 
HSBC Holdings
858,000
4.4%
  1,000,000 
Santander International 3.375% Bond
811,957
4.1%
  350,000 
Personal Group Holdings
735,000
3.7%
  750,000 
Brit Insurance 8.5% ULS
716,025
3.6%
  8,000 
Munich Re
707,848
3.6%
  750,000 
Provident Financial 7.125% Sub Bond
677,160
3.4%
  750,000 
Investec Finance 7.75% Bond
642,525
3.3%
  150,000 
Aviva
600,375
3.0%
  300,000 
RSA Insurance
459,000
2.3%
  12,750 
BNP Paribas
456,788
2.3%
  180,000 
DnB NOR
440,292
2.2%
  550,000 
SVG Capital 8.25% CULS
436,315
2.2%
  300,000 
Randall & Quilter
390,000
2.0%
  3,000 
Zurich Financial Services
379,859
1.9%
  70,000 
Banco Santander
371,620
1.9%
  550,000 
 
F&C Asset Management 6.75% Sub Bond
350,240
 
1.8%
 
  500,000 
Intesa Sanpaolo 6.625% Bond
347,970
1.8%
  600,000 
Argon 8.162% Bond
340,800
1.7%
  350,000 
PSource Structured Debt
329,000
1.7%
  25,000 
Axa
309,063
1.6%
  450,000 
Legal & General
302,850
1.5%
  300,000 
Barclays 14.0% Sub Bond
302,490
1.5%
  250,000 
Liontrust Asset Management
298,750
1.5%
  350,000 
HBOS 9.54% Cap Funding
283,710
1.4%
  300,000 
RSA Insurance 7.375% Pref
283,500
1.4%
  350,000 
Nordea 6.25% Sub Bond
281,925
1.4%
  250,000 
Alliance & Leicester 9.625% Bond
280,300
1.4%
  200,000 
International Personal Finance
280,000
1.4%
  350,000 
Standard Chartered 8.103% Sub Bond
276,920
1.4%
  400,000 
Credit Agricole 5.136% Bond
273,640
1.4%
 Derivatives 
The Company has short positions equivalent to -12.9% of total assets

Asset Allocation
% of Fund

Fixed Interest 

39.0%
 Banks 

18.9%

 General Financial 

10.8%

 Insurance 

6.1%

 Investment Companies 

3.3%

 Real Estate 

0.0%

 Life Assurance 

0.0%

 Equities 

61.0%
 Banks 

22.1%

 Insurance 

18.9%

 General Financial 

7.9%

 Life Assurance 

6.6%

 Investment Companies 

3.5%

 Real Estate 

2.0%

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  MSCUUUBRWARURAA