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: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note