Holding(s) in Company
July 11 2011 - 11:30AM
UK Regulatory
TIDMAIA
ALTIN announces portfolio holdings as at 1st January 2011
Baar, 1 February 2011 - ALTIN AG (SIX: ALT, LSE: AIA), the Swiss
alternative investment company listed on the London and Swiss stock
exchanges, today discloses its entire hedge fund portfolio holdings
as part of its policy of full transparency to investors initiated
in 2009. The portfolio, featuring over 35 underlying hedge funds,
and representing 10 investment strategies, is particularly well
diversified and recorded a NAV performance of +12.47%1 for
2010.
Portfolio as at 1st January 2011 % of Total
Macro Strategy 22.59%
Banyan Capital Fund Ltd 4.50%
Blenheim Global Markets Fund Ltd 3.66%
COMAC Global Macro Fund Ltd 4.13%
Goldfinch Capital Management Offshore Ltd 2.16%
LD Commo Alpha Fund Ltd 1.17%
The Clive Fund Ltd 5.14%
Two Sigma Compass Enhanced Cayman Fund Ltd 1.83%
Managed Futures Strategy 3.20%
Vegasoul Fund 3.20%
Equity Long Short Strategy 28.74%
7H Absolute 3.06%
Arrow Offshore Ltd 4.31%
BlackRock UK Emerging Companies Holding Fund Ltd 6.19%
Diamondback Offshore Fund Ltd 4.69%
HT Asian Catalyst Fund 4.63%
Scopus Fund Ltd 3.79%
Scopus Vista Fund Ltd 2.07%
Equity Long Bias Strategy 3.35%
Firebird Avrora Fund Ltd 0.67%
Firebird Global Fund Ltd 1.92%
Rig Fund III Ltd 0.76%
Event-Driven Strategy 19.59%
Alden Global Distressed Opportunities Fund L.P 2.43%
Jana Offshore partners Ltd 4.17%
Omni Global Fund Ltd 4.40%
Paulson Advantage Plus Fund Ltd 4.02%
York European Opportunity Unit Trust 4.57%
Credit Strategy 9.80%
Claren Road Credit Fund Ltd 3.40%
Marathon Special Opportunities Fund Ltd 0.83%
R3 Capital Partners Ltd 5.57%
Convertible Bond Strategy 8.17%
Aristeia International Ltd 3.55%
Lazard Rathmore Fund Ltd 4.62%
Multi- Strategy Funds 18.37%
Brevan Howard Fund Ltd 4.31%
Hayman Capital Offshore Partners LP 5.40%
Millennium International Ltd 4.69%
QVT Overseas Ltd 3.97%
Private Equity 0.93%
MPM Bio Ventures II 0.93%
ALTIN AG 5.81%
Others 1.92%
TOTAL 122.47%
1 Estimated NAV performance as at 31 December 2010
ALTIN: well positioned
During the last months of 2010 very few transactions in the
portfolio took place - highlighting ALTIN's confidence in its
underlying investments. ALTIN's gross exposure remained stable and
slightly above 122%, which indicates 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 and managers focusing on
event-driven and fundamental equity long / short.
The only new addition to the portfolio was the small allocation
to a systematic managed futures silo through an attractive
Asian-based short term trader.
ALTIN: High level of flexibility
ALTIN's portfolio continues to have a majority of investments
with a redemption frequency terms of 3 months or less. This high
level of liquidity means ALTIN is in a strong position to take
advantage of attractive opportunities when they arise. Exposure to
a particular investment theme can also be increased via the level
of leverage allowed. This high level of flexibility means the
portfolio can be reorganized in a nimble way if required and
dependent on market opportunities and threats.
ALTIN: not affected by redemption issues
ALTIN is a closed-ended and fixed capital fund and as such it is
not faced with redemption requests. This provides the investment
manager with the opportunity to select the best risk/reward
opportunities in the hedge fund universe. Investors can freely buy
and sell ALTIN shares on a daily basis on the London or Swiss stock
exchanges, without the need to redeem at fixed redemption
dates.
For further information, please contact
Investor Relations Manager David Hothersall / Ronan McCaughey
Marc T. Clapasson Kinlan Communications
Tel. +41 41 760 60 62 Tel. +44 20 7638 3435
info@altin.ch davidh@kinlan.net
Note to Editors
About ALTIN AG
ALTIN AG was launched in December 1996 and is listed on the
Swiss Exchange and London Stock Exchange. It ranks among
Switzerland's leading alternative investment companies. Currently,
ALTIN AG is invested in approximately over 35 hedge funds following
various investment strategies. Its objective is to generate an
absolute annual return in US dollars terms with lower volatility
than equity markets. Owing to these characteristics and a low
correlation to equity markets, ALTIN shares provide an ideal
complement for all diversified portfolios.
ALTIN is managed by Alternative Asset Advisors SA, a management
firm specialising in alternative investments and a member of the
SYZ & CO Group.
www.altin.ch
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