Monday, 28 July 2014
Last updated 4 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…