Sat, Apr 18, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

In search of higher returns ALTIN shifts portfolio to less liquid strategies

Monday, January 21, 2013
Opalesque Industry Update - ALTIN, the $250m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, announced its entire portfolio of holdings as part of its continued commitment to full investor transparency.

The improvement in market dynamics and the reduction of tail-risk, coupled with a very appealing opportunity set, means that ALTIN is starting to take advantage of its stable capital base to invest in less liquid strategies with higher expected returns. This allocation shift has already started to take place gradually.

ALTIN believes there are very interesting opportunities in Credit Long/Short and Event-Driven, especially in Europe where corporate activity is expected to increase and banks will be required to deliver.

Since inception in December 1996, ALTIN has returned +162.64% compared to +114.17% for the HFRI FoF Composite Total Return Index USD.

A significant number of funds were redeemed whilst new allocations were also opened as follows:

Macro Strategy

Since the previous quarter allocation as at 1st October 2012, the Macro Strategy allocation has increased from 17.13% to 22.12% as new positions were opened in AlphaMosaic SPC - SP 23 Rosetta Capital Management LLC - Composite Program 2.5X; Omni Macro Fund I Ltd and The Tudor BVI Global Fund Ltd.

Managed Futures Strategy

The allocation to Managed Futures Strategy has increased from 1.29% last quarter to 3.05% this quarter with the inclusion of LAMP Funds (Ire) 1 plc - LAMP NuWave Combined Futures Master Fund; LAMP Funds (Ire) 1 plc - QIM Global Fund; and LAMP Funds (Ire) 1 plc - Welton Global Directional Portfolio GDP Master Fund.

AlphaMosaic SPC - SP 73 Blackwater Capital Management LLC Global Program 2X is no longer included in the portfolio allocation.

Equity Long/Short Strategy

The Equity Long/Short Strategy allocation has decreased from 30.64% last quarter to 12.08% this quarter as Sprott Offshore Fund Ltd; Scopus Vista Fund Ltd and Scopus Fund Ltd were taken out of the portfolio. No new additions to the portfolio were made.

Equity Long Bias Strategy

A new Equity Long Bias Strategy portfolio has been opened with an allocation of 6.15%, consisting of a reduced positions in Arrow Offshore Ltd (previously in Equity Long/Short Strategy), and new allocations to Golden China Fund and Value Partners China Greenchip.

Interest Rate Strategy

The interest Rate Strategy allocation has decreased from 8.92% to 6.41% as the exposure to Providence MBS Offshore Fund Ltd was reduced by 2.51%

Protection Strategies

The allocation to Protection Strategies allocation increased slightly from 4.47% to 4.68%, with the inclusion of LAMP Funds (Ire) 1 plc - LAMP Conquest Customised Macro Master Fund. The allocation of the existing position in LAMP Funds (Ire) 1 plc - Capstone Convexity Fund has slightly decreased.

Equity Market Neutral Strategy

The Equity Market Neutral Strategy allocation has slightly increased from 4.03% to 4.74% with the addition of Atlas Leveraged Fund Ltd.

Event-Driven Strategy

A position was opened in York European Opportunities Unit Trust, bringing the Event-Driven Strategy allocation up from 11.50% to 13.80%.

Multi-Strategy Funds

The Multi-Strategy Funds allocation has increased from 13.24% to 18.82% with new positions in QVT SLV Offshore Ltd; QVT Special Investment Offshore Fund Ltd; Stratus Feeder Ltd 1.5 Leverage and The Segantii Asia-Pacific Equity Multi-Strategy Fund.

ALTIN is highly diversified, investing in over 35 hedge funds focused on highly liquid strategies.

Press release

bc

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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner