Business
Company Update
Company Update.
About this update from Cavendish Plc
[{"type":"text","content":"\n RNS Number : 6704Y FRM Credit Alpha Limited 29 December 2010 \n \n\nFRM Credit Alpha Limited (the 'Company')\nCompany update - Currency Hedging\nAs previously announced on 15 December, 2010, following discussion with the Company's major shareholders, the Company's currency hedging programme will end with effect from 30 December, 2010. As all of the Company's issued shares are denominated in Sterling and the majority of the Company's assets are denominated in US Dollars, the value of the shares will be subject to currency fluctuations.\nAt the end of December, 2010, the Company's projected currency exposure will be approximately:\n US Dollars 67.5%\n Sterling 32.5%\nThe Company will provide a monthly update on its currency exposure. Shareholders requiring this information more frequently should contact the Company's investment manager, FRM Investment Management Limited.\n \nEnquiries:\n \nChris Brierley\nFinancial Risk Management Limited \n020 7968 6136\n \nJane Lewis \nWinterflood Investment Trusts \n020 3100 0295\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFEVFILAFII \n ","length":2634,"tagName":"div"}]