June Estimated Net Asset Values


 

TIDMAIDP TIDMAIDU TIDMAIDE 
 
RNS Number : 8547V 
Aida Fund Limited 
17 July 2009 
 

The Aida Fund Limited ("Aida") 
 
 
June Estimated Net Asset Values 
 
 
The estimated Net Asset Values of Aida's Shares as of 30 June 2009 are as 
follows: 
 
 
+------------------+------------------+------------------+------------------+ 
|                  |    US Dollar     |      Euro        |Sterling (pence)  | 
+------------------+------------------+------------------+------------------+ 
| NAV              |      1.6414      |      1.5641      |      135.47      | 
+------------------+------------------+------------------+------------------+ 
 
 
+------------------+------------------+------------------+------------------+ 
|                  |    US Dollar     |      Euro        |    Sterling      | 
+------------------+------------------+------------------+------------------+ 
| Performance      |                  |                  |                  | 
+------------------+------------------+------------------+------------------+ 
| MTD              |     (0.39)%      |     (0.39)%      |     (0.19)%      | 
+------------------+------------------+------------------+------------------+ 
| YTD              |     (0.14)%      |      1.51%       |      1.65%       | 
+------------------+------------------+------------------+------------------+ 
| 5-Year           |     (9.46)%      |    (14.56)%      |   (9.69)% (1)    | 
+------------------+------------------+------------------+------------------+ 
 
 
(1) since inception in July 2004 
 
 
These valuations, which have been prepared in good faith by Aida, are based 
principally on estimated valuations prepared generally by the investment manager 
of Aida's underlying investments. Such estimates may be subject to little 
verification or other due diligence, are un-audited and may not comply with 
generally accepted accounting or valuation principles. Other risk factors which 
may be relevant to this valuation are set out in Aida's prospectus dated 4th 
March 2008. 
 
 
Estimates were not provided by the underlying funds for the value of a number of 
the side pockets held by the fund. Side pockets at the end of June are estimated 
to be 4.66% of the total assets of the fund (5.25% of the invested assets). 
Investment Manager Comment 
During June 2009 the Aida Fund US$ class decreased by (0.39)%, the underlying 
portfolio before leverage and expenses increased by an estimated 0.11%, the S&P 
500 increased by 0.02% and the FTSE 100  decreased  by (3.82)%. 
Since inception in September 2001 until the end of June 2009 the Aida Fund US$ 
class has risen by 9.42%.  Over the same period the S&P 500 has fallen (20.50)% 
and the FTSE 100 has fallen (18.90)%. 
Of the underlying funds that Aida invests in 7 of the funds who have reported 
declined whilst 14 of the funds who have reported increased. 
On the 24th October 2008 the Aida Fund announced a change in its investment 
strategy whereby it will reduce or completely eliminate leverage at the Aida 
fund level. On 17th December 2008 shareholders approved the new strategy at an 
EGM. 
 
 
As at the 30 June 2009 the Fund ceased to employ leverage for investment 
purposes. The fund is now debt free and has a net cash position. 
The Aida Fund announced proposals to restructure the fund on the 25th June 2009 
and anticipates that documents will be posted to shareholders in the next few 
weeks. 
 
 
 
 
Aida Capital, the investment manager, remains available at all times to discuss 
the fund and markets in general. 
 
 
 
 
Aida Capital 
+44 20 7600 7500 
 
 
 
 
Disclaimer 
This announcement does not constitute an offer to sell, exchange or transfer any 
securities of The Aida Fund Limited and is not soliciting an offer to purchase, 
exchange or transfer such securities in any jurisdiction where the offer, sale, 
exchange or transfer is not permitted or to any person or entity to whom it is 
unlawful to make that offer, sale, exchange or transfer. 
 
 
The registration document published on 4th March 2008 contains further details 
of the selling restrictions in such jurisdictions. 
 
 
This announcement is not an offer of securities for sale in the United States. 
The shares referred to herein have not been and will not be registered under the 
United States Securities Act of 1933, as amended (the "Securities Act") or with 
any securities regulatory authority of any state or other jurisdiction of the 
United States and may not be offered or sold within the United States or to, or 
for the account or benefit of, US Persons (as defined in Regulation S under the 
Securities Act) except in accordance with the Securities Act or an exemption 
therefrom. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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