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Henderson Alternative Strategies lags index

19 May 2016 13:09

Henderson Alternative Strategies Trust's net asset value per share fell by 2.3% in the six months to the end of March on a total return basis.

This compares with an 11.5% rise in the company's benchmark, the FTSE World Total Return Index in sterling.

Chairman Richard Gubbins said: "Whilst the Company tends to outperform in testing markets (e.g. for the six-month period to 30 September 2015) it tends equally to underperform in rising markets. The extent of the recent under-performance is unsatisfactory, as is the fact that the fund made a negative absolute return."

He added: "Whilst the board remains confident that the Company's restructured portfolio now has the potential to generate attractive long-term returns, it continues to regard improved near-term investment performance as the Company's key priority during the second half of the financial year. This is particularly important as the Board, Henderson and the Company's broker engage in further marketing activities over the coming months."

At 1:09pm: (LON:HAST) Henderson Alternative Strategies Trust Plc share price was -0.25p at 220.5p

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