Altin, the London and Swiss-listed fund of hedge funds, has reported an increase in net asset value of 11.16 per cent in the year to 28 October 2009.
Its shares are up 24 per cent in the year to 22 October.
Altin reduced its cash allocation from 6.3 per cent on 1 July 2009 to zero at present. This is part of an active investment programme into hedge funds to benefit from the current investment opportunities.
Altin’s portfolio features over 30 underlying funds representing ten different strategies. As of 1 October 2009, the portfolio included the following strategies: long/short equity (30.23 per cent), multi-strategy (19.31 per cent), credit (12.27 per cent), macro (11.51 per cent), convertible bond (5.44 per cent), fixed income (3.95 per cent), event driven (3.31 per cent), equity long bias (3.11 per cent) and private equity (1.55 per cent).
Only 16 per cent of the funds held by Altin have restricted redemptions, down four per cent from 20 per cent in the last quarter.