Saturday, 22 October 2016
Last updated 23 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%.