Friday, 26 August 2016
Last updated 1 hour ago
Sep 5 2012 | 9:29am ET
Fund of hedge funds Altin AG is up 2.58% through August, less than the average hedge fund but well ahead of its average peer.
The US$270 million Swiss firm's fund is well ahead of the 1.75% that the average fund of funds has returned this year. But it badly lags both single-manager funds, which have added about 5%, and the Standard & Poor's 500 Index, which is up about 12%.
Altin has more than 30 underlying managers. Most of its money is currently in long/short equity and macro strategies, Investment Europe reports.