Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has reported a 3.87 per cent rise for its portfolio during the year to 1 October.
Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has reported a 3.87 per cent rise for its portfolio during the year to 1 October.
The portfolio features over 35 underlying hedge funds representing ten investment strategies.
Currently the majority of Altin’s underlying investments offer redemption frequency terms of three months or less.
At the portfolio level, the most noticeable changes were an increase in the allocation to macro strategy funds, from 19.51 per cent in July 2010 to the current 22.46 per cent. The increase was focused specifically on managers biased towards commodities.
The exposure to equity long/short was also increased and as of the beginning of October accounts for 32.24 per cent, up from 29.15 per cent in July 2010.
The investment manager also continued to allocate to event driven strategies across the different underlying investment vehicles.
These increases were not accompanied by a corresponding reduction in other strategies. This resulted in a higher leverage level for Altin, with gross exposure going from 117.83 per cent to 122.71 per cent.
