CreInvest: +13.5% return ann. in 5 years
CreInvest first venture capital firm specializing in hedge funds listed on the Zurich Stock Exchange during the period 1 October to 31 December 2001, the share price creInvest in Swiss francs rose by 3.3% from CHF 381.50 to CHF 394.00, with a discount of 4.8% at year end. At the same time, the underlying net asset value (NAV) has risen by 4.7% in Swiss francs, while the increase of 1, 9% in U.S. dollars, more content, be due to a new appreciation of U.S. dollar against the Swiss franc at the end of the year. Data on the development of creInvest the opening of its business (31.05.1996) on 31.12.2001 shows that the annualized return on action shows a gain of 13.50% in Swiss francs and 7.88% in U.S. dollars, while the value of the underlying portfolio of investments has risen by 14.65% in Swiss francs and 8 .97% in U.S. dollars.