Komfie Manalo, Opalesque Asia: ALTIN AG, the Swiss alternative investment company listed on the London and Swiss stock exchanges and featuring more than 40 underlying hedge funds, reported that all its hedge funds generated strong returns in the first quarter of 2015.
Fund of hedge funds ALTIN said that its relative value portfolios generated the strongest returns in Q1 and were up 33.21%, followed by event driven at 30.19%, macro strategies at 28.19%, and equity hedge which gained 24.62% during the period. ALTIN has a NAV performance of +221.49% since its inception in December 1996.
"Since the end of 2014, the ALTIN share price was up +14.64% and +16.67% on the Swiss and London exchanges respectively at the end of March 2015," the company said in a statement, "The NAV performance for the same period is +4.24% (estimated)."
Trend following is best performer
ALTIN said that in terms of strategies, trend following was clearly the best performer, capitalizing on strong trends in fixed income and currencies. It was followed by all equity-related strategies, regardless of their net exposure, demonstrating the capacity of the managers to produce value thanks to their stock-picking skills. Beyond pure trend following, the macro bucket saw a wide dispersion of returns, especially related to currency exposures. Commodity managers were all negative over the period.
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