ALTIN, the USD240m multi-strategy fund of hedge funds traded on the London and Swiss stock exchanges, has started 2014 with a positive outlook with a year-to-date net asset value performance of +2.76 per cent.
The share price has risen by four per cent leading to a further narrowing of the discount of the share price to NAV.
The discount of the share price (SIX Swiss stock exchange) to NAV currently stands at 20.58 per cent as of 26 March 2014, an improvement from when it stood at 31 per cent a year ago on 21 March 2013.
In 2013 ALTIN recorded a strong share price growth of +24.65 per cent and an NAV increase of 10.37 per cent in 2013 compared to the HFRX index and the HFRI FoF index, which were up by 6.72 per cent and 8.72 per cent respectively.
The board of directors has linked further share buybacks to share price performance, with a commitment to conduct further buybacks should the shares fail to achieve a 10 per cent to 12 per cent return over the calendar year.
Currently, ALTIN is invested in more than 40 hedge funds representing diverse investment strategies.
