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From Precy Dumlao, Opalesque Asia:
ALTIN AG, the Swiss fund of hedge funds (FoHFs) with more than $185m in market capitalization as at end 2011, has added four new funds to its portfolios and increased its allocations to macro strategies, but reduced its exposures to long/short, event-driven and credit strategies.
In its communication to investors, ALTIN disclosed its additions to its portfolios AlphaMosaic SPC 127 Episteme Capital Partners 3X with an allocation of 1.24% and RQSI Global Asset Allocation Fund Ltd with an allocation of 1.25%. Also added were LAMP Conquest Customised Macro Master Fund (Managed Futures Strategy) with an allocation of 0.74% and LAMP Funds Ire 1 plc Capstone Convexity Fund (Volatility Strategy) with an allocation of 5.57%.
In the fourth quarter of 2011, ALTIN reported major changes in its allocations to macro strategy. The fund increased the allocation from 22.78% to 25.92% of the portfolio. However, equity long/short strategy was reduced from 26.61% to 22.54%, event-driven fell from 14.04% to 11.76% and credit strategy declined from 10.62% to 8.73%.
As the firm encountered volatility in the last quarter of last year arising from the shaky financial markets, ALTIN said it made necessary changes in its allocations to mitigate the effects of the slowdown.
"Stresses arising from the Eurozone periphery were an important market factor for most of the quarter, combined with speculation on...................... To view our full article Click here
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