Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has increased its exposure to event driven managers from 12.14 per cent to 18.58 per cent.
The company added two new event driven funds, reflecting the growing opportunity set available to managers active in this strategy.
The portfolio’s largest strategy allocation, equity long/short, was slightly reduced and accounts for 29.15 per cent of the portfolio, while multi-strategy exposure remained relatively stable and totalled 18.17 per cent.
The macro strategy allocation accounts for 19.51 per cent of the portfolio and credit accounts for 10.70 per cent.
On 1 July 2010, the portfolio was running leverage just below 18 per cent.
Altin continues to favour not only liquid strategies but also managers able to react quickly to the economic environment.
The recent months have strengthened the investment manager’s top down view which is supportive of recovery but is more than ever aware of the multiple challenges surrounding it. As a result, a focus on liquid strategies remains the priority, together with a reduction of directional hedge funds and a boosting of more focused, event-driven funds.
