ALTIN, the USD270m fund of hedge funds listed on the London and Swiss stock exchanges, posted a +12.47% return in 2010, more than double the HFRI Fund of Fund Index, which returned +5.67% in 2010.
ALTIN’s gross exposure remained stable and slightly above 122%, indicating optimism regarding the opportunities within the hedge funds industry. The positioning of the portfolio’s holdings reflects the balanced allocation targeted by ALTIN, with a bias that was gradually increased to macro managers focusing on commodities, as well as managers focused on event-driven and fundamental equity Long/Short.
ALTIN today also disclosed its full portfolio of holdings as part of its continued commitment to full investor transparency. The most noticeable change was a decrease in the allocation to Equity Long/Short strategy funds from 32.24% in October 2010 to the current 28.74%. ALTIN’s confidence in its underlying investments was underlined by the fact that during the last months of 2010 very few transactions within the portfolio took place.
ALTIN holds one of the world’s longest track records as an exchange-listed fund of hedge funds, having listed in Switzerland in 1996 and in London in 2001. ALTIN has an annnualised return of +7.53 since inception in December 1996.
