ALTIN, the USD240 million multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, ended the year in positive territory (+2.20 per cent YTD), 2 per cent to 3 per cent ahead of hedge fund and fund of fund indices, which were on average negative in 2015.
The HFRI FoF Index and the MSCI World Net Return Index recorded -0.34 per cent and -0.87 per cent over the same period.
The ALTIN share price was up +11.42 per cent and +12.04 per cent on the Swiss (SIX) and London (LSE) exchanges respectively in 2015. Over the past year, the share price discount to NAV has fallen significantly since the end of 2014, reducing from 21.8 per cent to 14.8 per cent, based on the latest estimates.
The Macro silo was ALTIN’s best performance contributor, with most funds up over the quarter, while the overall positive trend in equity markets was supportive for the Equity Hedge allocation, which was the second largest contributor for the quarter.
The Relative Value silo was mostly positive, with the main contributor being a high-volatility quasi equity-market-neutral specialist in utility and midstream companies.
