AIQ - Alternative Investment Trust

Alternative Investment Trust (AIQ), formerly known as Everest Babcock & Brown Alternative Investment Trust (EBI), is a diversified international management investment company in subordinated debt and equity co-investments. The responsible entity of the trust is Permanent Investment Management Limited (PIML).

http://www.thealternativeinvestmenttrust.com

Previous discussion of this company can be found in the EBI thread: https://www.aussiestockforums.com/forums/showthread.php?t=10754

Picked up a small holding on Friday for the SMSF, the fund is being wound up and returning distributions to shareholders. They have returned about 125% of the starting market cap and are at the moment trading near a 30% discount to NTA. The funds returned a small positive return in the recent half year and the unhedged US$ exposure may provide further upside.

According to the investment manager the majority of distributions will be made by the end of 2014.

Probably should add that the investment manager sold a huge chunk of shares on Thursday for a stock with such low trading volumes it should be interesting to see who the buyer is.

Must admit to having trouble understanding these change in substantial holding notices. Looks to me like this Regis mob is buying via UBS with leverage.