Altin Celebrates 10th Anniversary With A Bang

Jan 17 2007 | 9:57am ET

Swiss-based Altin AG, the alternative investment company listed in London and Switzerland, celebrated its 10th year last month in a big way: The fund of funds manager ended 2006 up 20.24%.

The firm, which attributes its performance to a “strong core of blue chip hedge funds with a group of smaller, niche managers,” said it “widely outperformed” other funds of funds in 2006. “We have thus delivered a 20.24% performance, double the result of the HFR Fund of Funds Composite Index (10.33%), which represents funds of hedge funds’ average performance,” said José Galeano, head of research and management at 3A SA, Altin AG’s investment manager. 

“With an annualized return of 10.10%, a tightly controlled volatility and a low correlation to the main stock markets, Altin is a very interesting and attractive longer term investment, notably as a diversification tool for any type of portfolio.”

As of the end of December 2006, Altin’s portfolio was invested in 36 different funds representing 8 investment strategies. Almost half of the firm’s portfolio was allocated to long/short equity managers and a quarter to global macro managers. Over 60% of its assets are invested in funds that are now closed to new investors, according to the firm.

As well, Altin’s share price rose 24% in 2006, surpassing the NAV increase and thus leading to a reduction in the discount of the share price to the NAV, which at end December stood at 5.27%.

3A is the investment manager for a number of funds of hedge funds and manages a number of alternative products available to institutional investors. The firm managed $2.5 billion in hedge fund assets at the end of last year and provided research and due diligence services on a further $3.8 billion in alternative investments.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.