Opalesque Industry Update - ALTIN, the $270m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, announced its half year results for 2012 after close of market on 30 August 2012.|
During the first half of the year, ALTIN outperformed the HFRI FoF Composite Index, posting a return of +1.80% in the first half of 2012, compared to +1.04% for the HFRI FoF Composite Index.
ALTIN continued to outperform the HFRI FoF Composite Index in August, posting a return of +2.58% in the YTD to 31 August 2012, compared to +1.75% for the HFRI FoF Composite Index.
ALTIN's portfolio is invested in over 30 hedge funds and continues to be highly liquid with a majority of its hedge fund investment offering a redemption frequency term of 3 months or less.
ALTIN has an annualised return of +6.39% since inception in December 1996 to end July 2012, compared to +4.86% for the HFRI Fund of Funds Composite Index.
Since inception to end July 2012, ALTIN has posted a return of +163.9% compared to +110.42% for the HFRI Fund of Funds Composite Index and +51.20% for the MSCI World Index. Press release