Fact sheet: Alpha Pyrenees

Fund information
Fund name
Alpha Pyrenees
Fund manager company
Alpha Real Capital
Fund type
Investment Trust
Fund managers
  • Sir John Beckwithsince 29/11/2005
  • Paul Cablesince 29/11/2005
  • Phillip Rosesince 29/11/2005
Fund objective
This fund primarily invests in higher-yielding properties in France, focusing on commercial property in the office, industrial, logistics and retail sectors let to tenants with strong covenants
  • No Specified Index
Investment style
Investment method
Quick stats
1 Year return
1 Year rank in sector
IT Property - Direct Europe
Fund size
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Mid price
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
Top in this sector
Fund name1 Year
PhnxSpre Deutchlnd LtdSh NPV54.9%
Taliesin Property Ltd54.5%
European Real Est Inv Tst Ltd43.9%
AXA Property Tst Ltd Ord NPV25.3%
Globalworth RealEstate Inv Ltd-11.3%
...more in IT Property - Direct Europe

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector8 / 81 / 88 / 87 / 75 / 54 / 4
Calendar performance
 YTD - 20162015201420132012
Rank within sector6 / 86 / 65 / 54 / 43 / 4
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
Price movement
52 week high1
52 week low0.02
Current bid price0.05
Current offer price0.15
Current mid price0.1
Industry sector
Asset type
Individual holdings
No data available.
Fund manager group
Alpha Real Capital
Fund manager company
Alpha Real Capital
Fund type
Investment Trust
Fund objective
This fund primarily invests in higher-yielding properties in France, focusing on commercial property in the office, industrial, logistics and retail sectors let to tenants with strong covenants
  • No Specified Index
Investment style
Investment method
Fund managers
Sir John Beckwith29/11/2005Sir John Beckwith has been involved in property investment and other investment for his entire working life. He founded London & Edinburgh Trust PLC ('LET') in 1971 where he was Chairman and Chief Executive Officer and developed it into one of the top ten listed real estate companies in the UK. Following the sale of LET, he established Pacific Investments Plc through which he founded a number of successful asset management businesses, including Liontrust Asset Management and Thames River Capital.
Paul Cable29/11/2005Paul Cable is the Fund Manager for Alpha Pyrenees Trust. He has over 25 years experience in the real estate and banking industries in the UK, Europe and the Far East. He has been Chief Executive of Pacific Investments' property subsidiary, The General Property Investment Company Limited, investing in Europe and the Far East, Head of the Property Finance Group at Baring Brothers in London and Senior Representative in Tokyo. He has worked in the investment advisory departments of DTZ and Knight Frank. Paul is a Chartered Surveyor.
Phillip Rose29/11/2005Phillip Rose has 25 years' experience in the real estate, funds management and banking industries in Europe, the USA and Australasia. He has been Head of Real Estate for ABN AMRO Bank, Chief Operating Officer of European shopping centre investor and developer TrizecHahn Europe (where he was responsible for a €1 billion European investment and development programme from 1999-2000), Managing Director of Lend Lease Global Investment where, during his tenure from 1994 to 1999, he was responsible for managing European property investments and Executive Manager of listed fund General Property Trust. He is currently a non-executive director of Great Portland Estates and a member of the Management Committee of the Hermes Property Unit Trust.
No data available.
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Alpha Pyrenees
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.05
Offer price0.15
Mid price0.1
Price updated19/10/2016
Institutional or retail classRetail
Citi codeIU75
Data provided by

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