Aarkad Plc, Heather Partners Fund focuses on collateralised money lending-• highly collateralised structured finance loans, of short term duration (3-12months) secured loans, collateralised by commercial property in the UK & Ireland •Delivered consistent returns since inception (only one month under 1%, no losing months)
•Open ended bridge finance is an area that has long been deserted by banks (needs to be underwritten on a case-by-case basis)
Aircraft Leasing • To accrue operating and cost efficiencies, many airlines acquire new aircraft through leasing as opposed to making and bearing the burden of a direct purchase • It is expected that by the year 2010, 50% of the world’s fleet of passenger and freighter aircraft will be on operating leases
• Significant growth rates in passenger and freight demand
• Fundamental market shift in the behaviour of airlines
Horizon Fund access to to cat bonds, life and non life insurance securitisations and weather derivatives via a fund structure • Fund’s manager have expertise and experience in products combining financial and insurance characteristics (cat bonds and weather derivatives)
• track record (incepted in July 1999)
• returns are uncorrelated to traditional financial markets
A Square’s Art Series with Philip Hoffman - V Russian art has always played a major role in western art sales and collections, with the work of Kandinsky, Chagall, Jawlensky and Malevich consistently appearing at top Impressionist and Modern auctions. Now some of the names that were only well known i Christie’s and Sotheby’s have both witnessed a quantum leap in Russian art sales. For example, Sotheby’s first sale of Russian avant-garde and Soviet contemporary art in Moscow was held in 1988 - since then this house has seen this market consistently increase. In 2006 they sold GBP86mn worth of Russian Art, which rose 43% from the previous year, and appreciated twenty times since the GBP4mn that they sold in 2000.
Fund's performance - Appendix
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