Tue, Aug 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Altin FoHFs reports gains of 2.56% through March, announces portfolio holdings

Thursday, April 15, 2010
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.

Portfolio as at 1st April 2010 % of Total
   
Macro Strategy 20.59%
Banyan Capital Fund Ltd 4.19%
Blenheim Global Markets Fund Ltd 2.39%
BlueGold Global Fund Inc 1.26%
COMAC Global Macro Fund Ltd 4.28%
The Clive Fund Ltd 3.87%
Drake Global Opportunities Fund Ltd 0.39%
Goldfinch Capital Management Offshore Ltd 2.34%
Tudor BVI Global Fund Ltd 0.64%
Two Sigma Compass Enhanced Cayman Fund Ltd 1.23%
   
Equity Long Short Strategy 33.58%
Arrow Offshore Ltd 4.24%
BlackRock UK Emerging Companies Holding Fund Ltd 4.26%
Cavu Capital Offshore Fund Ltd 2.70%
Diamondback Offshore Fund Ltd 4.53%
HT Asian Catalyst Fund 4.34%
Hermitage Glob 0.04%
Meditor European Holdings Fund Ltd 4.18%
Potomac Capital International Ltd 0.33%
Scopus Fund Ltd 5.90%
Triskele China Fund 3.08%
   
Equity Long Bias Strategy 2.87%
Firebird Avrora Fund Ltd 0.79%
Firebird Global Fund Ltd 1.51%
Rig Fund III Ltd 0.56%
   
Equity Arbitrage Strategy 4.15%
Ivory Offshore Flagship Fund Ltd 4.15%
   
Event-Driven Strategy 12.14%
Omni Global Fund Ltd 4.17%
Paulson Advantage Plus Fund Ltd 3.46%
York European Opportunity Unit Trust 4.50%


 
   
Credit Strategy 14.74%
Alden Global Distribution Opportunities Fund (Cayman) LP 2.61%
CS Candlewood Special Situation Fund Ltd 2.42%
Cerberus Asia Partners LP 0.40%
Claren Road Credit Fund Ltd 3.33%
Marathon Special Opportunities Fund Ltd 1.39%
R3 Capital Partners Ltd 4.59%
   
Fixed-Income Strategy 4.19%
Capula Global Relative Value Fund Ltd 4.19%
   
Convertible Bond Strategies 8.23%
Aristeia International Ltd 4.16%
Lazard Rathmore Fund Ltd 4.07%
   
Multi Strategy 18.19%
Brevan Howard Fund Ltd 4.21%
Hayman Capital Offshore Partners LP 5.22%
Millennium International Ltd 4.29%
QVT Overseas Ltd 4.48%
   
Other Equity & Derivatives Strategies 1.16%
ESG Treasury Opportunities Offshore Portfolio Ltd 1.16%
   
Private Equity 1.54%
MPM Bio Ventures II 1.39%
Tudor Venture II Ltd 0.15%
   
ALTIN AG 5.26%
   
Others 0.77%
   
TOTAL 127.41%

ALTIN boosts Macro and Event Driven, adds 5 hedge fund managers
ALTIN’s highly liquid portfolio allows the investment manager to apply a dynamic portfolio management approach and to benefit from current investment opportunities. Taking advantage of this liquidity feature, the investment manager launched a significant investment programme in 2009. This was prolonged in the first quarter of 2010, during which several new underlying positions were opened in the portfolio.

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

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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op