Sun, Oct 23, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p