Wed, Aug 23, 2017
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 up +4.02% in 1H (+4.61%YTD)

Monday, September 02, 2013

Precy Dumlao, Opalesque Asia:

Swiss alternative firm ALTIN,a $250m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, said it gained 4.02% in the first half of the year (+4.61% YTD) as underlying managers took advantage of the various trading opportunities in the markets and navigated through periods of high volatility by protecting their portfolios.

ALTIN CEP Tony Morrongiello commented, "The diversification across multiple strategies and managers proved attractive once again; furthermore there is a strong commitment to finding new talents and allocating capital to more risk-seeking strategies as well as niche investments with longer-term investment horizons and higher expected returns.

Comparatively, the HFRI FoF Composite Index which gained+4.52% during the same period (+3.44% YTD), while the MSCI World Hedged index outperformed with +15.36% earnings (+10.22% YTD).

Last June, Morrongiello announced that ALTIN was evaluating different options to implement the share buyback program to acquire up to 10% of the share capital. The buyback program was announced in March this year.

"Indeed, a revision of the Stock Exchange Ordinance (SESTO) that has come into force on 1st May 2013 limits daily share buybacks to 25% of the average daily volume without granti......................

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. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen

  2. Opalesque Exclusive: Update: Emerging long-biased hedge fund expands coverage[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Left Brain Capital Management, which manages Left Brain Capital Appreciation Fund

  3. Investing - Silchester International Investors buys 5% stake in bookie William Hill, Hedge funds split over Microsoft, Top hedge funds are bullish on these 3 mega-cap stocks, Hedge funds betting demise in small-cap stocks will get worse[more]

    Silchester International Investors buys 5% stake in bookie William Hill From Thisismoney.co.uk: A leading investment fund has put its cash behind under-pressure William Hill. Mayfair-based Silchester International Investors has bought 5 per cent of the bookmaker's stock - which has almos

  4. Fund Profile - A $3.4bn hedge fund's letter raises a fundamental question about the future of the industry[more]

    From Businessinsider.com: Tourbillon Capital, which manages $3.4 billion, has been losing money in its flagship fund as the bull market rages on. The New York firm, which focuses on stocks and is run by Jason Karp, has written in quarters past about why the firm is struggling. The firm's most recent

  5. Investing - ValueAct increases stake in Kravis' KKR, Cargo ship giant Maersk Tankers invests in quant hedge fund[more]

    ValueAct increases stake in Kravis' KKR From NYPost.com: ValueAct just cozied up closer to buyout baron Henry Kravis. A $16 billion hedge fund run by Jeffrey Ubben, ValueAct has increased its stake in the Kravis-run KKR to 6.1 percent, according to a regulatory filing late Monday.