Thursday, 28 August 2014
Last updated 8 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%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...