Friday, 24 October 2014
Last updated 9 hours ago
Jan 22 2014 | 11:43am ET
Listed fund of hedge funds Altin is taking its transparency pledge very seriously.
The Swiss firm has disclosed its entire portfolio, identifying every fund it invests with and how much of its money each manages. The US$230 million FoF invests in 46 funds, having added 10 to the portfolio in the fourth quarter of last year. With leverage, it has 126.72% exposure.
The Altin roster is littered with prominent names, among them Cerberus Capital Management, Claren Road Asset Management, Coatue Management, Fortress Investment Group, Hayman Capital Partners, Jana Partners, Marathon Asset Management, Millennium Management, Odey Asset Management, Tudor Investment Corp., Two Sigma Investments, Verrazzano Capital and York Capital Management.
Weightings range from 0.32% of the portfolio up to nearly 5.5%. Coatue has the most of Altin's money, with 5.49%, followed by Marathon Special Opportunity Fund's 5.48% and Jana Nirvana Offshore Fund's 5.33%.
Event-driven strategies make up 26.82% of the portfolio, followed by equity long/short at 21.01% of the portfolio, global macro at 20.81%, multi-strategy at 12.15% and equity market neutral at 10.35%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.