Holding(s) in Company
October 24 2011 - 12:30PM
UK Regulatory
TIDMAIA
ALTIN announces portfolio holdings as 1st October 2011
Baar, 24 October 2011 - ALTIN AG (SIX: ALTN, 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.
The portfolio, featuring over 35 underlying hedge funds, and
representing 10 investment strategies, is particularly well
diversified and has a NAV performance of +160.43%1 since its
inception in December 1996.
Portfolio as at 1stOctober 2011 Total Portfolio (%)
Macro Strategy 22.78%
Banyan Capital Fund Ltd 3.92%
Blenheim Global Markets Fund Ltd 3.13%
Comac Global Macro Fund Ltd 3.85%
Goldfinch Capital Management Offshore Ltd 2.58%
LD Commo Alpha Fund Ltd 1.53%
The Clive Fund Ltd 5.93%
Two Sigma Compass Enhanced Cayman Fund Ltd 1.84%
Managed Futures Strategy 3.79%
AlphaMosaic SPC SP 10 Welton Global Directional 1.03%
AlphaMosaic SPC SP 73 Blackwater Cap Mgt 2X 1.24%
Vegasoul 2X Fund 1.52%
Equity Long/Short Strategy 26.61%
7H Absolute 3.11%
Arrow Offshore Ltd 4.23%
BlackRock UK Emerging Companies Holding Fund Ltd 5.42%
Coatue Offshore Fund Ltd 3.87%
HT Asian Catalyst Fund 4.28%
Scopus Fund Ltd 3.78%
Scopus Vista Fund Ltd 1.92%
Equity Long Bias Strategy 2.33%
Firebird Global Fund Ltd 1.77%
Rig III Fund Ltd 0.56%
Equity Market Neutral Strategy 3.98%
ZLP Offshore Utility Fund Ltd 3.98%
Event-Driven Strategy 14.04%
Jana Offshore Partners Ltd 4.21%
Omni Global Fund Ltd 4.60%
Paulson Advantage Plus Fund Ltd 2.26%
York European Opportunity Unit Trust 2.97%
Credit Strategy 10.62%
Claren Road Credit Fund Ltd 3.88%
Marathon Special Opportunities Fund Ltd 0.74%
R3 Capital Partners Ltd 6.00%
Convertible Bond Strategy 4.86%
Lazard Rathmore Fund Ltd 4.86%
Interest Rate Strategy 4.52%
Providence MBS Offshore Fund Ltd 4.52%
Multi-Strategy Funds 17.89%
Brevan Howard Fund Ltd 3.80%
Hayman Capital Offshore Partners LP 5.82%
Millennium International Ltd 5.21%
QVT Overseas Ltd 3.06%
Private Equity 0.86%
MPM Bio Ventures II 0.86%
ALTIN AG 2.65%
Others 1.77%
TOTAL 116.7%
ALTIN: a challenging third quarter
During the third quarter of 2011, global markets sold off
drastically as fears over a possible Greek default and further
market contagion posing a potential threat to the financial system
dominated headlines. In that context, ALTIN's leverage was reduced
significantly, from 125.18% to 116.7%, mainly through Convertible
Bond, Event Driven and Equity Long/Short Strategies. The portfolio
remains well-diversified and ready to take advantage of a potential
rebound in the financial markets during the final part of the
year.
ALTIN: high level of liquidity allows for flexibility
ALTIN's portfolio continues to have a majority of investments
with a redemption frequency term 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 Kinlan Communications
Marc T. Clapasson David Hothersall
Tel. +41 41 760 62 60 Tel. +44 (0)20 7638 3435
info@altin.ch davidh@kinlan.net
Note to Editors
About ALTIN AG
ALTIN AG was launched in 1996 and is listed on the SIX Swiss
Exchange as well as on the London Stock Exchange. It ranks among
Switzerland's leading alternative investment companies. Currently,
ALTIN is invested in more than 35 hedge funds representing diverse
investment strategies. Its objective is to generate an absolute
compound annual return in USD terms with lower volatility than
equity markets. Owing to these characteristics and a low
correlation with equity markets, ALTIN shares provide an ideal
complement for all diversified portfolios.
ALTIN is managed by Alternative Asset Advisors SA, a management
firm specializing in alternative investments and a member of the
SYZ & CO Group.
www.altin.ch
1 Estimated NAV performance as at 30 September 2011
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