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Annual Results

Henderson Alternative Strategies lags index

21 December 2015 07:51

Henderson Alternative Strategies Trust's net asset value fell by 5.0% in the year to the end of September on a total return basis compared with a a 0.8% rise in its global equity benchmark, the FTSE World Total Return Index.

But chairman Richard Gubbins says it is very encouraging to see that in the second half of its financial year, the company's NAV total return outperformed this benchmark by 6.1%.

He adds: "With Henderson's restructuring of the Company's investment portfolio largely complete, the Board expects the Company's performance to improve steadily to acceptable and sustainable levels of long-term NAV growth.

"This, in turn, should help to render the company more attractive to existing and new investors and to increase market demand for its shares, despite this year's very unsatisfactory share price total return of -10.8%. However, your board considers that such a return fails to reflect the hidden value in the underlying newly invested portfolio, the returns from which can only be viewed over the longer term."

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