Prestige Alternative Finance Fund has operated for more than 14 years, but in 2021 the fund experienced a higher than anticipated level of redemption’s and this either exposed troubles in the underlying portfolio of loans or at the same time a significant deterioration occurred.
As a result over the course of 2022 the funds NAV was reduced by c. 50% and soon there after suspended, so that the most recent NAV published is as of the 31 of July 2022.
What value remains in the fund is open to many questions and holders should put a redemption in place even though the redemption queue is approximately 12-24 months long.
Southey Capital is willing to offer holders of the fund units a secondary market to exit the investment, and we would invite all holders to contact us if they are interested in an exit.
| Financial Institution Share Class | ISIN | Currency | Date of NAV | Reported NAV |
| Prestige Alternative Finance I-Shares | ||||
| KYG722711770 | GBP | 31/07/2022 | 120.43 | |
| KYG722711937 | EUR | 31/07/2022 | 115.87 | |
| KYG722711853 | USD | 31/07/2022 | 112.23 | |
| KYG722712018 | CHF | 31/07/2022 | 104.75 | |
| Prestige Alternative Finance ID-Shares | ||||
| KYG722712844 | USD | 31/07/202 | 70.24 | |
| Financial Advisors Share Class | ||||
| KYG722711283 | GBP | 31/07/2022 | 91.15 | |
| KYG722711101 | EUR | 31/07/2022 | 144.93 | |
| KYG722711028 | USD | 31/07/2022 | 139.85 | |
| KYG722711366 | CHF | 31/07/2022 | 110.49 | |
| KYG722711440 | SEK | 31/07/2022 | 125.75 |
Fund NAV’s are from https://www.prestigefunds.com/latest-fund-prices/
