Global Opportunities Fund
The fund manager 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 the fourth quarter of 2018 the fifth liquidation payment was made to those participants with an up to date register file. In total, 110% 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.
Recent developments: In May 2018, the Global Opportunities Fund together with the insolvency administrator reached a final settlement in 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. The Fund Manager has made a fifth distribution payment in the fourth quarter of 2018 to those participants with an up to date register file.
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 2019|| 3.21|
|Net Asset Value 31 December 2018**|| 3.21|
|Net Asset Value 31 December 2017|| 6.43|
|Net Asset Value 31 December 2016||6.91|
** the fifth distribution payment of €21,78 was subtracted from this amount, as well as provisioned costs for managing the remaining liquidation process
IMPORTANT Update Registry
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 (for private persons: a recent copy identification and bank account statement with name and adress, for companies see mutation form). On 14 June 2017 a second request was send to those participants who had not updated their information. In the third quarter the fund manager send again a letter to participants with a request to submit up to date 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 fund manager : 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 for the mutation form
If particpants would like to transfer Units, please click here
* This is the net asset value including 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. The fifth distribution payment was made in the fourth quarter of 2018. This is equivalent to 110% of the intrinsic value of the Global Opportunities Fund at 31 December 2008 ( 230.97).