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About the company
Crystal Amber Fund Limited is a closed-ended activist fund. The objective of the Company is to provide its shareholders with an attractive total return, which is expected to comprise primarily capital growth but with the potential for distributions from realized distributable reserves, including distributions arising from the realization of investments, if this is considered to be in the interests of its shareholders. The Company focuses on investing in companies which it considers are undervalued and will aim to promote measures to correct the undervaluation. It invests in a concentrated portfolio of undervalued companies predominantly listed on the United Kingdom markets, and which have a typical market capitalization of between £100 million and £1 billion. The Company and its advisers also engage with the management of those companies with a view to enhancing value for all their shareholders. Crystal Amber Asset Management (Guernsey) Limited is its investment manager.
- Revenue in GBP (TTM)5.28m
- Net income in GBP1.55m
- Incorporated2007
- Employees0.00
- LocationCrystal Amber Fund LimitedFloor 2, Trafalgar CourtPO Box 286SAINT PETER PORT GY1 4LYGuernseyGGY
- Phone+44 1 481742742
- Websitehttps://www.crystalamber.com/
Profile
| Management group(s) | Crystal Amber Advisers (UK) LLP |
|---|---|
| AIC sector | UK Smaller Companies |
| ISIN | GG00B1Z2SL48 |
| Launch date | 17 Jun 2008 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company adopted a strategy of maximising capital returned to Shareholders by way of timely disposals, including trade sales of the Company's strategic holdings, where appropriate (with the potential exception of GI Dynamics Inc) and returns of cash to Shareholders intended to be completed by 31 December 2023.
Managed by
| Jonathan Marsh, Richard Bernstein |
|---|
Management & contract fees
Accordingly, the IMA will be amended such that from 1 January 2024, the monthly fee due to the Investment Manager will be £57,500 (£690,000 annually, as per 2023). On an annual basis, this fee equates to approximately 0.83% of the current NAV.t fee will cease.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Schroder BSC Social Impact Trust PLC | 542.00k | -614.00k |
| Alpha Real Trust Ltd | 7.37m | -929.00k |
| RM Infrastructure Income PLC | 7.87m | 3.12m |
| Thames Ventures VCT 1 PLC | -3.64m | -6.72m |
| Livermore Investments Group Ltd | 18.11m | 14.95m |
| Migo Opportunities Trust PLC | 10.03m | 8.32m |
| TMT Investments PLC | 8.00m | 7.18m |
| Value and Indexed Property IncomTrstPLC | -2.55m | -7.70m |
| Octopus Aim VCT 2 PLC | 810.00k | -1.21m |
| New Star Investment Trust plc | 8.37m | 7.24m |
| Crystal Amber Fund Limited | 5.28m | 1.55m |
| Schroders Capital Global Innvtn Trst PLC | -36.24m | -38.55m |
| Maven Income and Growth VCT 4 PLC | 4.03m | 1.28m |
| UIL Ltd | -13.58m | -23.45m |
| Kingswood Holdings Ltd | 64.06m | -13.91m |
| Henderson Opportunities Trust plc | 2.70m | 997.00k |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Saba Capital Management LPas of 01 Aug 2024 | 16.10m | 22.51% |
| Merseyside Pension Fundas of 16 Aug 2024 | 12.94m | 18.08% |
| 1607 Capital Partners LLCas of 15 Aug 2024 | 7.04m | 9.84% |
| Crystal Amber Advisers (UK) LLPas of 15 Aug 2024 | 5.80m | 8.11% |
| Philip J. Milton & Co. Plcas of 01 Aug 2024 | 3.76m | 5.26% |
| CG Asset Management Ltd.as of 30 Jun 2024 | 2.64m | 3.68% |
| Centiva Capital LPas of 26 Apr 2024 | 2.09m | 2.92% |
| Unicorn Asset Management Ltd.as of 31 Aug 2024 | 1.85m | 2.59% |
| Premier Fund Managers Ltd.as of 30 Nov 2023 | 500.00k | 0.70% |
