Wed, Oct 1, 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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  3. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  4. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba

  5. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha