Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 2.5 0.0 0.5 3.0
2016 -1.6 -1.5 -1.3 -1.6 2.9 -1.6 0.8 1.8 -0.1 -0.5 3.7 0.2 0.9
2015 0.4 0.0 -0.1 0.1 7.1 1.6 0.7 0.3 -2.2 0.0 1.3 -3.8 5.0
2014 1.2 0.3 0.5 1.9 0.0 0.1 0.2 0.1 0.2 0.2 0.2 0.4 5.6
2013 0.3 1.5 0.8 2.8 2.1 0.3 1.5 0.5 1.1 1.3 0.5 0.4 13.8
2012 0.2 0.2 0.3 0.2 0.6 0.6 0.3 0.9 3.2

Fund performance in %, net of fees and expenses.

Objective & Strategy

The Investment Objective of the Fund is to achieve high return from capital growth and income by investing in undervalued or distressed debt instruments and special situations through in-depth analysis.

The Investment Strategy of the Fund is to invest in distressed debt obligations and structured products. The fund targets for example Trade Claims that have an underlying value in the form of cash held at the bankrupt debtor’s account, pending allocation to the various creditors. Trade Claims are claims against companies that are in state of bankruptcy.

Why invest

This fund is suitable for investors who can commit their money for a longer period and are aiming for a high return in distressed asset classes.

The fund can be seen as an alternative for high yield portfolios.

Key features

Legal structure SICAV - open ended investment company
Inception date 1 May 2012
Investment Manager Amstel Capital Malta Limited
Custodian/Prime broker Theodoor Gilissen Bankiers N.V., Netherlands
KAS Bank, Netherlands
Administration Alter Domus (Services) Malta Limited
Auditor Mazars Malta
Bank Bank of Valletta, plc
Dividend policy Accumulative
Reference currency EUR
Min. investment EUR 100.000
Man. fee 1.2%
Performance fee 25% over net gains
Subscription Monthly, 2 business days notice
Redemption Monthly, 3 monthly notice
Valuation Day Last business day of every calendar month.
ISIN MT7000003638

How to invest

The fund is open for professional investors who satisfy the criteria as specified in the Qualifying Investor Declaration Form.

Subscription form together with the relative documentation, as requested in our Subscription Form, are to be received by Amstel Capital Malta Limited by latest two business days prior to the end of the month. Settlement of the subscription amount is to be made via bank transfer as also specified in the Subscription Form.

Once subscribed, clients will receive a contract note confirming ownership of the Fund.

Thereafter; clients will receive a valuation statement, newsletter and fund factsheet on a monthly basis. A client register is also held by Amstel Capital Malta and the Fund Administrator.


Fund Documents

Contact Amstel Capital
T: +356 2132 0864
F: +356 2132 0904

Amstel Capital Malta Limited
Registered in Malta, license category 2 number C38267
Authorised and regulated by the Malta Financial Authority


© Copyright 2016 Amstel Capital Malta Ltd


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