Wed, Oct 1, 2014
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

Banner

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is