Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss fund of hedge funds ALTIN flat in H1, adds CTA manager Welton to portfolio

Wednesday, July 13, 2011

Benedicte Gravrand, Opalesque Geneva:

ALTIN, a multi-strategy closed-ended fund of hedge funds (FoHFs), is down 0.02% for the first half of 2011. It was up 12.47% in 2010, and is up 175% since its December 96 inception.

Listed on the Swiss Exchange and the London Stock Exchange, it is managed by Alternative Asset Advisors SA, a management firm specialising in alternative investments and a member of Swiss banking group SYZ & CO.

The managers said about the FoHFs’ performance that its defensive positioning had helped protect the portfolio during Q2-2011, a period which saw sharp movements in the markets: "The massive snap back in commodities, triggered by increased margin requirements and profit taking, hit managers in the Macro silo. Bullish positions in energy were the main culprits for the strategy to suffer, albeit length in industrial commodities also led to losses. All of the managers de-risked their books but kept some exposure as their views over the mid term are constructive. The remaining strategies were largely flat for the period as the managers were quick to reduce risk. ALTIN’s focus on nimble managers who can react quickly to market conditions paid off as the portfolio limited losses during the period."

The HFRI Macro (Total) Index was down 1.76% (est.) in June and down 2.16% YTD, whereas the HFRI Fund of Funds Composite Index lost 1.5% (est.) and 0.45% YTD.

The FoHFs is currently invested in around 35 hedge funds which follow 10 different ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style