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Alternative Market Briefing

ALTIN, a Swiss fund of funds boosts credit allocations, makes new hedge fund allocations in Q3

Thursday, October 18, 2012

Bailey McCann, Opalesque New York: ALTIN, the Swiss alternative investment company listed on the London and Swiss stock exchanges, disclosed its hedge fund portfolio holdings as part of its policy of full transparency to investors. The portfolio, featuring more than 30 underlying hedge funds and representing over 10 investment strategies, has a NAV performance of +164.83% since its inception in December 1996.

ALTIN is a multi-strategy fund of funds with approximately $250m in assets under management. In the year to end August 2012, ALTIN posted a net return of +3.45%, outperforming the HFRI Fund of Funds Composite Index, which returned +2.48% in the same period. In the three years to end May 2012, ALTIN posted a net return of +12.85%, outperforming the HFRI Fund of Funds Composite Index, which returned +5.34% in the same period.

Among its strategies, the firm reduced its macro allocation to 17.13%, down from 20.30% in the previous quarter, as Blenheim Global Markets Fund Ltd was removed from the portfolio. A 6.06% position was opened in LAMP Funds (Ire) 1 plc - Marathon Opportunistic Credit Fund, which resulted in the Credit allocation rising to 13.84%, up from 7.89% in the previous quarter. The Equity Long/Short silo saw two changes, the remaining position of 7H Absolute was sold, and a 3.92% position in LAMP UCITS Funds (Ire) 2 plc - LAMP Visium Global Fund was opened. As a result the tot......................

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