Fri, Apr 18, 2014
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   |   
Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an