Opalesque Industry Update - ALTIN AG, the Swiss alternative
investment company listed on the London and Swiss stock exchanges,
keeps pursuing its policy of full transparency to investors initiated in 2009
by disclosing its entire portfolio holdings. The portfolio, featuring over 35
underlying hedge funds representing 10 investment strategies, is
particularly well diversified and boasted a positive performance of
+2.56 %1 in the year to 8 April 2010.|
ALTIN boosts Macro and Event Driven, adds 5 hedge fund managers
Macro exposure grew to 20.59%, as the investment manager added three Macro funds that then subsequently closed to new investors. Similarly, the Event-driven strategies segment grew to 12.14%, as two new funds were added to this strategy allocation, reflecting the growing opportunity set available to managers active in this strategy. The portfolio’s largest strategy allocation, namely Equity Long/Short, remained relatively stable over the period and accounts for 33.58% of the portfolio. On 1 April 2010, the portfolio was running a leverage of 27%.
ALTIN currently favours liquid strategies and does so by investing in liquid hedge funds that are nimble and trading-oriented. Because of this focus on liquidity, ALTIN has been able to increase its leverage, which can be quickly reduced by selling a number of positions if required.
ALTIN’s investment strategy avoids liquidity risk and reflects ALTIN’s top-down view, which supports the economic recovery but is cognisant of important challenges such as sovereign debt risk. The portfolio is therefore positioned to participate in any upside the markets may offer while remaining prudently invested with liquid managers.
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 made possible thanks to the investment manager’s 15- year track record in managing fund of hedge funds and the extensive hedge fund research accumulated since inception. Corporate website: Source