Sun, May 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss fund of hedge funds ALTIN decides not to become an open-end collective investment vehicle after all

Wednesday, September 14, 2011
Opalesque Industry Update - The Board of Directors of ALTIN AG, the Swiss alternative investment company, will not propose to shareholders a possible transformation into an open-end collective investment vehicle.

The current closed-ended fund structure of ALTIN means that the share capital is fixed and that its existing positions are not diluted, as it could happen in an open investment fund, says its website.

According to a release issued yesterday, such a change would not be in the interest of all shareholders because of tax and regulatory aspects in some countries. This restructuring project was one of the options announced in April.

In addition to the discount reduction measures currently in place, the Board of Directors is considering several other options, such as the resumption of the share buyback program, a reduction of the nominal value or an increase of the portfolio publication frequency.

ALTIN AG was launched in 1996 and is listed on the SIX Swiss Exchange as well as on the London Stock Exchange. Currently ALTIN, as a multi-strategy closed-ended fund of hedge funds, is invested in more than 35 hedge funds representing diverse investment strategies. Its estimated NAV, as at 13th September 2011, is USD 67.21(-3.76% YTD), and is up 167.6% since its Dec-96 inception. It is managed by Alternative Asset Advisors SA, a management firm specializing in alternative investments and a member of the SYZ & CO Group.
B. Gravrand

See our most recent article on Altin:
Opalesque Exclusive: Swiss fund of hedge funds ALTIN flat in H1, adds CTA manager Welton to portfolio Source

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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio