The Company will achieve the investment objective by investing in the shares of closed-ended investment companies, admitted to trading on a market of the London Stock Exchange, with a focus on alternative assets (being assets other than publicly quoted equities) and will seek to maximise returns to Shareholders through the use of constructive activism.
The Company expects to hold a concentrated portfolio of investments and the Company will not seek to reduce concentration risk through diversification. The Company will seek to identify underperforming or undervalued assets and unlock value. The Company will take an active role in engaging with the boards and the investment managers of investment companies within its portfolio. This may include advocating selling the entire company or any or all of its assets, changes in strategy or restructuring.
Investments are expected to be mainly in the form of equity and equity-related instruments such as contracts for difference. The equity interest in any investment may range from a minority position up to 29.99 per cent. ownership.
Where appropriate, the Investment Manager may seek a position on an investee company’s board. The Company may hold cash in its portfolio from time to time to maintain investment flexibility. There is no limit on the amount of cash which may be held by the Company from time to time.
The information on this website is solely for information purposes and is not intended to be, and should not be construed as, an offer or recommendation to buy and sell investments. If you are in any doubt as to the appropriate course of action, we would recommend that you consult your own independent financial adviser, stockbroker, solicitor, accountant or other professional adviser.
Past performance is no guide to the future. The value of investments and the income from them may go down as well as up and investors may not get back the full amount they originally invested. The information herein has been obtained from sources believed to be reliable but no representation or warranty is given or may be implied that they are accurate or complete.
By entering the Achilles Investment Company Website you agree that you have read, understood and accepted the above.