Global Opportunities Fund
The administrator of the Global Opportunities Fund formally announced the decision to close the Global Opportunities Fund on 17 December 2008. In 2009, three distributions were paid to participants. In April 2016 an interim liquidation payment was distributed to participants. In total, 100% of the intrinsic value per end of December 2008 has been refunded to participants.
The indicative intrinsic value of the Global Opportunities Fund is published at month end. The Fund Manager publishes quarterly reports. In the case of important new developments, an interim report will be published.
IMPORTANT: In May 2018, the Global Opportunities Fund together with the insolvency administrator reached a final settlement of the Thielert civil court case. In addition, the insolvency administrator made an interim distribution payment to the Global Opportunities Fund. With this, the Thielert claim has come to final completion. As a result, the indicative Net Asset Value per Unit increased in the first half of 2018. It is the intention of the Fund Manager to make a distribution payment in the second half of 2018.
The only position of potential future additional value is the remaining final payment by the insolvency administrator of Thielert AG (valued at nil). The amount of the final distribution to the Global Opportunities Fund could potentially vary between zero and a couple of million euro. This would represent zero to a couple of euro per Unit. The timing of such a distribution payment is unknown to the Fund Manager and could potentially take a few years to materialize. Given these uncertainties, the Global Opportunities Fund has valued this remaining potential claim at nihil.
Net asset value *
|Net Asset Value 30 June 2018|| 26.23|
|Net Asset Value 31 December 2017|| 6.43|
|Net Asset Value 31 December 2016|| 6.91|
|Net Asset Value 31 December 2015|| 28.87|
Participants who hold their Units directly into the Register of the Global Opportunities Fund:
On 24 April 2017, the administrator send a request to all participants to update the participants file in the registry of the fund (a recent copy identification and bank account statement with name and adress). On 14 June 2017 a second request was send to those participants who had not updated their information. We kindly but urgently request participants to reply to this request and send the updated information. A future payment can only be made to those participants with a complete file.
The information can be sent to the email of the administrator CACEIS Bank Luxembourg: firstname.lastname@example.org
In case participants hold their Units indirectly via a bank or asset manager, the above is not applicable.
In case of changes in participant’s contact details
If participants would like to change address and/or bank account number, please click here
If particpants would like to transfer Units, please click here
* This is the net asset value before deduction of provisions taken. In 2009, three distribution payments were made from the Global Opportunities Fund for a total of 209 per participation. An interim liquidation payment of Eur 21.50 has been distributed to participants on 18 April 2016. This is equivalent to 100% of the intrinsic value of the Global Opportunities Fund at 31 December 2008 ( 230.97).