Altin Up 2.58%

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.

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