Thu, May 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

ALTIN discloses entire hedge fund portfolio holdings, increases Macro allocation to 22.46%

Friday, October 08, 2010
Opalesque Industry Update - ALTIN AG, the Swiss alternative investment company listed on the London and Swiss stock exchanges, today discloses its entire hedge fund portfolio holdings as part of its policy of full transparency to investors initiated in 2009. The portfolio, featuring over 35 underlying hedge funds representing 10 investment strategies, is particularly well diversified and recorded a performance of +3.87%1 in the year to 1st October 2010.

Full details here: Source.

ALTIN emphasises Macro and Equity Long/Short

Currently the majority of ALTIN’s underlying investments offer redemption frequency terms of 3 months or less. This high level of liquidity means ALTIN is in a strong position to take advantage of specific opportunities in a quicker manner than many funds of hedge funds and without being at risk of significantly altering its liquidity profile.

At the portfolio level, the most noticeable changes were first of all an increase in the allocation to Macro strategy funds, from 19.51% in July 2010 to the current 22.46%. The increase was focused specifically on managers biased towards commodities. These are very experienced managers that are currently closed to new investment and offer very promising strategies in the current economic environment. The exposure to Equity Long/Short was also increased and as of the beginning of October accounts for 32.24%, up from 29.15% in July 2010. Finally, the investment manager also continued to allocate to Event Driven strategies across the different underlying investment vehicles.

These increases were not accompanied by a corresponding reduction in other strategies.

This resulted in a higher leverage level for ALTIN, with gross exposure going from 117.83% to 122.71%. The willingness of the investment manager to take advantage of ALTIN’s leverage facility indicates a growing conviction of better perspectives for hedge funds and a readiness to make sure ALTIN benefits.

The underlying changes to the portfolio highlight ALTIN’s active allocation strategy of continuously identifying superior investment talent within the current macro investment outlook. This is possible thanks to the extensive research accumulated by the investment manager on hedge funds worldwide and ALTIN’s 15-year track record.

ALTIN: not affected by redemption issues

ALTIN is a closed-ended and fixed capital fund and as such it is not faced with redemption requests. This provides the investment manager with the opportunity to select the best risk/reward opportunities in the hedge fund universe. Investors can freely buy and sell ALTIN shares on a daily basis on the London or Swiss stock exchanges, without the need to redeem at fixed redemption dates.

(press release)


ALTIN AG was launched in December 1996 and is listed on the Swiss Exchange and London Stock Exchange. It ranks among Switzerland’s leading alternative investment companies. Currently, ALTIN AG is invested in approximately over 35 hedge funds following various investment strategies. Its objective is to generate an absolute annual return in US dollars terms with lower volatility than equity markets. Owing to these characteristics and a low correlation to equity markets, ALTIN shares provide an ideal complement for all diversified portfolios.

ALTIN is managed by Alternative Asset Advisors SA, a management firm specialised in alternative investments and a member of the SYZ & CO Group. www.altin.ch


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven