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Alternative Market Briefing

Swiss listed multi-strategy fund of hedge funds outperforms benchmarks in 2015

Monday, April 18, 2016

Komfie Manalo, Opalesque Asia:

Swiss alternative investment firm ALTIN AG outperformed its benchmarks in 2015 with the firm delivering positive performance in terms of share price increase (+11.42%) and investment portfolio returns (+2.06%) of its multi-strategy fund of hedge funds last year.

Comparatively, the HFRX and HFRI FoF indices were down -3.64% and -0.21% respectively in 2015. The discount to NAV ended the year at 14.64%, compared with 21.81% at the end of 2014 and continues to narrow to this day.

At the same time, ALTIN AG has announced that Peter Altorfer will retire from his role as director and chairman following his decision not to stand for re-election as a member of the Board at the company’s annual general meeting to be held on 9 May 2016.

ALTIN stated, "Generally speaking, 2015 was a mixed year for the hedge fund industry, with the HFRI Fund Weighted Composite Index posting its first negative year since 2011. In contrast to the average hedge fund, ALTIN’s portfolio performed positively. ALTIN’s Net Asset Value (NAV) finished the year up +2.06% in 2015, compared to the HFRX index and the HFRI FoF index, which recorded -3.64% and -0.21% respectively. Similarly to 2014, ALTIN’s portfolio turnover was relatively limited in 2015 as most of the sub-strategy allocation remained steady. The only tactical switch made was to rotate some of the equity long bias risk allocation in favor of equity market neu......................

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