ALTIN, the USD270m multi-strategy fund of hedge funds achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%).
ALTIN continued with a strong start to 2011, up 2.48% in the first three months of 2011, compared to +0.89% in the YTD for the HFR FoF composite Index. ALTIN holds one of the world’s longest track records as an exchange-listed fund of hedge funds. It listed in Switzerland in 1996 and in London in 2001 and has an annualised return of +7.53% since inception in December 1996.
At the firm's annual general meeting held on 27 April, Dr Peter Altorfer was elected the new Chairman of the Board of Directors, replacing Dr Peter Beglinger. Finally, the annual general meeting accepted the capital reduction of 470 000 shares that were repurchased in the second trading line as part of the share repurchase programme completed on December 17, 2010.