Wed, Jun 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Listed Swiss hedge fund of funds outperforms with 3.43% returns in first half of 2014

Monday, September 01, 2014

Komfie Manalo, Opalesque Asia:

Swiss alternative investment company ALTIN AG outperformed in the first half of this year and posted 3.43% returns as at end June 30. Comparatively, the HFRI Fund of Funds Composite Index managed 1.53% gains while the MSCI World Hedged index posted 3.36% returns during the same period.

In its half year result sent to investors, ALTIN said the first six months of the year were characterized by a strong and somewhat renewed appetite for yield, a forceful rotation from growth/momentum-driven stocks to value stocks and by heightened geopolitical risk emanating from Russia, Ukraine and the Middle East.

"Overall the first semester of 2014 was positive for most asset classes. As expected corporate activity has been strong, providing a broad range of opportunities for managers within ALTIN's Event Driven allocation, which was the best contributing silo for the period," the report said.

It added that the firm's Equity Hedge allocation (Market Neutral, Variable Bias and Long Bias) proved resilient throughout the sector rotation thanks to a good level of diversification in terms of investment styles. On the other hand, Discretionary Macro funds generated negative returns on average as they were caught wrong-footed with mainly pro-cyclical trades.

"However, regarding the Macro space it is worth noting that the best contributor t......................

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 - Scientist turned hedge fund founder cuts profitable Aussie short, Pelargos joins hedge funds’ bet on turnaround at Honda, Managers set to cash in on infrastructure debt upswing[more]

    Scientist turned hedge fund founder cuts profitable Aussie short From Bloomberg.com: AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zeala

  2. He's lost £200m in a year - so has Britain's star hedge fund boss Crispin Odey lost his golden touch?[more]

    From Thisismoney.co.uk: ...Odey’s laid-back attitude gave no indication of the turmoil his flagship fund had put investors through. It had tumbled 20 per cent in May – a terrible performance given most of his rivals were in positive territory for the year. Odey’s fund had got into trouble after taki

  3. Comment - If you’re such a great investor, where’s your alpha?[more]

    From Mineweb.com: … They are few and far between. You likely know their names. There is a short list of those who have 1) outperformed; 2) over long periods of time, and; 3) manage substantial sums of money. It’s impressive if you are on that list, but discouraging if you seek to invest institutiona

  4. European fund managers 'dressing up’ track record to gloss on performance[more]

    Komfie Manalo, Opalesque Asia: A new study by global analytics firm Cerulli Associates has found that the problem of 'dressing up' track records by fund managers is getting worse. In its latest issue of The Cerulli Edge - Europe Edition,

  5. Why the equity short bias hedge fund underperformed in April[more]

    From Marketrealist.com: The Barclay Equity Short Bias Hedge Fund returned -0.83% in April 2016. However, on a year-to-date basis, the fund provided a return of 3.4% through April 30, 2016. The equity short bias strategy works best when the Market is in a downturn. From January 2016 to mid-Febr