Wed, Apr 16, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Alternative investment company Altin achieves return of 12.47% over 2010

Thursday, April 28, 2011
Opalesque Industry Update: At the end of its annual general meeting held yesterday, ALTIN AG (SIX: ALT, LSE: AIA), the Swiss alternative investment company, commented on its final results for 2010. In a generally gloomy financial environment, ALTIN achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%). Its highly liquid portfolio allows its manager to follow a dynamic management approach and to take advantage of the investment opportunities. Dr. Peter Altorfer was elected the new Chairman of the Board of Directors, replacing Dr. Peter Beglinger. Finally, the annual general meeting accepted the capital reduction of 470 000 shares that were repurchased in the second trading line as part of the share repurchase programme completed on December 17, 2010.

Signs of hope and factors of uncertainty succeeded one another throughout the year 2010, giving rise to a switchback trend for the main asset classes. In a difficult environment, ALTIN managed to do particularly well with an investment performance of +12.47% in 2010, which easily outclasses the funds of hedge funds index, HFRI FoF, which rose by +5.67% These good results were made possible notably by the implementation of the investment programme initiated in 2009, which resulted in a very flexible and liquid portfolio. The best performance contributors were the Long/Short Equity strategies, as well as Macro, placing the emphasis on commodities, followed by the Event Driven managers and the multi-strategies funds. Leverage remained stable at around 120% during the past year, thus marking the manager’s confidence in the opportunities that exist in the hedge funds industry. Source
Press Release
bc

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. 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

  4. 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

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably