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Alternative Market Briefing

Altin finds returns in rebound of 'risky assets’

Wednesday, April 25, 2012

Beverly Chandler, Opalesque London: Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has reported on market conditions over the first quarter of 2012. The firm reports that the first quarter of 2012 was an opportunity for a strong rebound of "risky" assets. The firm says: "The massive injections of liquidity by the European Central Bank have allayed the short-term concerns about the European financial sector. The continued growth of the US economy and the stabilisation of activity in emerging economies has, for the most part, helped to reassure investors on the outlook for global growth".

Altin reports that its portfolio fared well over this period, reducing leverage, which fell from 115% to 105.7% over the first quarter 2012, and maintaining broad diversification both on a strategy and geographical level, as well as liquid. The firm discloses its entire hedge fund portfolio holdings of more than 35 underlying hedge funds, representing over 10 investment strategies. It has achieved a NAV performance of +166.10% since its inception in December 1996.

The majority of the change in leverage for Altin over the first quarter stemmed from a reduction in the Event Driven silo, from 11.76% to 3.25%. The firm says: "This reduction was partially due to the poor performance and the removal of one manager, Paulson Advantage Plus Fund Ltd, and on the other hand, an anticipated rotation to another fund managed by the same manager, Jan......................

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