Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. 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

  2. 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

  3. 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

  4. 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

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as