Axiom European Financial Debt Fund Limited

:
“A closed-end fund which takes advantage of both Basel 3 and Solvency 2 regulatory phase-in.”                                                                                                                                                                                                                                                                                                                           

Axiom European Financial Debt Fund Limited

The investment objective of the Fund is to provide Shareholders with an attractive return, while limiting downside risk, through investment in the following financial institution investment instruments:
• Regulatory capital instruments, being financial instruments issued by a European financial institution which constitute regulatory capital for the purposes of Basel I, Basel II or Basel III or Solvency I or Solvency II;
• Other financial institution investment instruments, being financial instruments issued by a European financial institution, including without limitation senior debt, which do not constitute regulatory capital instruments; and
• Derivative instruments, being CDOs, securitisations or derivatives, whether funded or unfunded, linked or referenced to regulatory capital instruments or other financial institution investment instruments.

ISIN code : GG00BTC2K735
Legal form : Guernsey closed-end fund
AMF classification : LSE Prime Segment Fund
Inception date : 5 November 2015
Ticker : AXI
Management fees : 1% p.a. of NAV, subj. to 1.5% TER cap
Performance fee : 15% p.a. of Total Shareholder Return* in excess of 7% p.a.

Director Biographies

William Scott (Chairman and Chairman of the Management Engagement Committee)

Bill is an independent non-executive director of a number of investment companies and funds. He was formerly Senior Vice President with FRM Investment Management Limited, a leading manager of institutional funds of hedge funds in Guernsey and now part of Man Group Plc. Prior to this, he was a director at Rea Brothers (which became part of the Close Brothers group in 1999 and where he was a director of Close Bank Guernsey Limited). He is a Chartered Accountant, holds the Securities Institute Diploma and is a Chartered Fellow of the Chartered Institute for Securities and Investment. He is also a Chartered Wealth Manager.

Bill currently serves on two other Premium London listed fund boards, Worsley Investors Limited (where he is chairman) and RTW Venture Fund Limited, and has served continuously on Premium London listed boards for 20 years. He is also a director of a number of unlisted and TISE-listed investment companies and management companies.

 

John Renouf (Chairman of the Audit Committee and Senior Independent Director)

John is a qualified accountant and was employed by FRM Investment Management Limited, which is now a wholly owned subsidiary of Man Group Plc, as a Director and then Managing Director. Prior to this, John was employed on a part time basis by Collins Stewart to assist in its development of offshore funds and he also spent over ten years with Royal Bank of Canada Offshore Fund Managers Limited in Guernsey. In this role he had overall responsibility for the management and administration of Royal Bank of Canada’s offshore funds in the Channel Islands together with funds managed and administered on a third party basis.

John currently holds a number of directorships of funds and fund management companies.

Max Hilton (Chairman of the Nomination and Remuneration Committee)

Max returned to Guernsey from New York in 2008 and formed the predecessor firm to MJ Hudson Quantitative Solutions. He previously worked for JP Morgan Securities Inc in New York within proprietary equities and was responsible for managing a global equities portfolio. Prior to this Max had worked at Ziff Brothers Investments in New York and London as a Senior Associate within the quantitative strategy group. Max has a BSc (Hons) Economics from the University of London and has held the CFA designation since 2001. Between 2009 and 2019 he served as Chair of the CFA UK Performance and Risk Measurement Special Interest Group.

Total number of shares in issue

91,852,904 and there are no shares held in treasury

AIC Code of Corporate Governance

The company is a member of the AIC and follows the AIC Code of Corporate Governance which can be found by clicking on the below button

Overview

AEFD

Cumulative Performance

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Inception

Annualized Performance

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Inception

The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Management fees are included in performances. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIIDs (key investor information documents) and prospectuses available on this website. The KIID must be made available to the subscriber prior to purchase.