The ALTIN fund of hedge funds portfolio has generated positive returns over the first half of 2013 as underlying managers took advantage of opportunities in the markets and navigated through periods of high volatility.
The diversification across multiple strategies and managers proved attractive once again; furthermore there is a strong commitment to finding new talents and allocating capital to more risk-seeking strategies as well as niche investments with longer-term investment horizons and higher expected returns.
All 16 allocation strategies recorded positive performance in the period with event-driven providing the strongest returns at 19.3 per cent closely followed by equity long short (18.7 per cent). Private equity was the worst performer registering a return of just 0.6 per cent for the period.
The full list of returns for the various strategies is as follows –
Event Driven – 19.3 per cent
Equity Long Short – 18.7 per cent
Global Macro – 16.4 per cent
Multi Strategy – 12.9 per cent
Convertible Bond – 10.5 per cent
Equity Long Bias – 6.9 per cent
Equity Market Neutral – 6.5 per cent
Interest Rate – 6.1 per cent
Managed Futures – 5.0 per cent
Commodity Trading – 4.3 per cent
ALTIN AG – 3.9 per cent
Protection Strategies – 3.4 per cent
Credit Long Short – 3.0 per cent
Volatility Strategies – 2.0 per cent
Special Investments – 1.9 per cent
Private Equity – 0.6 per cent