NST New Star Fin (See LSE:HFO)

 

TIDMNST 
 
RNS Number : 0840Q 
New Star Financial Opp Fd Ltd 
03 April 2009 
 

The Directors of New Star Financial Opportunities Fund Limited today announce 
that the unaudited Net Asset Value per Ordinary Share based on bid prices 
(excluding income from 1 December 2008) as at 31 March 2009 was 26.53 pence 
(including income it was 25.67 pence). 
 
 
The Company had total assets of GBP15.235 million and net current liabilities of 
GBP5.120 million as at 31 March 2009. 
 
 
The Company has 38,132,932 Ordinary Shares in issue. 
 
 
Largest Holdings 
+------------+-----------------------------------+---------+--------+ 
| Holding    | Stock                             |         |  % of  | 
|            |                                   |         |  Fund  | 
+------------+-----------------------------------+---------+--------+ 
|            |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   750,000  | Santander International 3.375%    |694,942  |   4.6% | 
|            | Bond                              |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   325,000  | Personal Group Holdings           |684,125  |   4.5% | 
+------------+-----------------------------------+---------+--------+ 
|            | Munich Re                         |680,283  |   4.5% | 
|  8,000     |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   750,000  | Investec Finance 7.75% Bond       |517,500  |   3.4% | 
+------------+-----------------------------------+---------+--------+ 
|   120,000  | HSBC Holdings                     |474,000  |   3.1% | 
+------------+-----------------------------------+---------+--------+ 
|   150,000  | DnB NOR                           |468,842  |   3.1% | 
+------------+-----------------------------------+---------+--------+ 
|   300,000  | RSA Insurance                     |390,300  |   2.6% | 
+------------+-----------------------------------+---------+--------+ 
|   300,000  | Randall & Quilter                 |390,000  |   2.6% | 
+------------+-----------------------------------+---------+--------+ 
|   225,000  | Hansard Global                    |364,500  |   2.4% | 
+------------+-----------------------------------+---------+--------+ 
|   550,000  | SVG Capital 8.25% CULS            |357,500  |   2.3% | 
+------------+-----------------------------------+---------+--------+ 
|            | Provident Financial 7.125% Sub    |337,500  |   2.2% | 
|            | Bond                              |         |        | 
| 750,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | Banco Santander                   |336,529  |   2.2% | 
|   70,000   |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | Intesa Sanpaolo 6.625% Bond       |332,824  |   2.2% | 
|            |                                   |         |        | 
| 500,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | Zurich Financial Services         |330,961  |   2.2% | 
|   3,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | F&C Asset Management 6.75% Sub    |292,589  |   1.9% | 
|            | Bond                              |         |        | 
| 550,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | BNP Paribas                       |288,268  |   1.9% | 
|   10,000   |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   350,000  | 3i Group 3.625% CULS              |275,509  |   1.8% | 
+------------+-----------------------------------+---------+--------+ 
|   700,000  | Kensington Group 9% Bond          |245,000  |   1.6% | 
+------------+-----------------------------------+---------+--------+ 
|            | Alliance & Leicester 9.625% Bond  |240,597  |   1.6% | 
|            |                                   |         |        | 
| 250,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   125,000  | Intesa Sanapaolo                  |239,683  |   1.6% | 
+------------+-----------------------------------+---------+--------+ 
|   300,000  | RSA Insurance 7.375% Pref         |239,250  |   1.6% | 
+------------+-----------------------------------+---------+--------+ 
|   250,000  | Intesa Sanpaolo 6.25% Bond        |237,877  |   1.6% | 
+------------+-----------------------------------+---------+--------+ 
|   550,000  | Generali Finance 6.214% Bond      |236,500  |   1.6% | 
+------------+-----------------------------------+---------+--------+ 
|            | Prudential Finance 6.5% Sub Bond  |228,835  |   1.5% | 
|            |                                   |         |        | 
| 800,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   250,000  | Liontrust Asset Management        |227,500  |   1.5% | 
+------------+-----------------------------------+---------+--------+ 
|            | BBVA                              |226,020  |   1.5% | 
|   40,000   |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | BNP Paribas 4 7/8% Bond           |217,683  |   1.4% | 
| 500,000    |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | Credit Suisse Group               |212,541  |   1.4% | 
|   10,000   |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | Axa                               |209,578  |   1.4% | 
|   25,000   |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|   399,000  | Witan Inv Co 3.4% Pref            |209,475  |   1.4% | 
+------------+-----------------------------------+---------+--------+ 
|            |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|  Derivatives                                   |         |        | 
+------------------------------------------------+---------+--------+ 
|            |                                   |         |        | 
+------------+-----------------------------------+---------+--------+ 
|            | The Company has short positions equivalent to        | 
|            | -14.1% of total assets                               | 
+------------+-----------------------------------+---------+--------+ 
 
 
Asset Allocation 
+------------------------------------------+--+--------+ 
|                                             |  41.5% | 
| Fixed Interest                              |        | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Banks                                   |  |  17.6% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  General Financial                          |  12.3% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Insurance                               |  |   5.5% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Investment Companies                       |   3.7% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Life Assurance                             |   2.4% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Real Estate                             |  |   0.0% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Equities                                |  |  58.5% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Insurance                               |  |  23.3% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Banks                                   |  |  20.1% | 
+------------------------------------------+--+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  General Financial                          |   6.7% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Life Assurance                             |   5.1% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Investment Companies                       |   2.8% | 
+---------------------------------------------+--------+ 
|                                          |  |        | 
+------------------------------------------+--+--------+ 
|  Real Estate                             |  |   0.6% | 
+------------------------------------------+--+--------+ 
 
Enquiries to:Elysium Fund Management Limited 
No 1 Le Truchot 
                      St Peter Port 
Guernsey GY1 3JX 
                      www.elysiumfundman.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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