AIQ - Alternative Investment Trust

[Joe Blow]

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

 

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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.

 

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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.

 

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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.