ALTIN AG Apr il 20 1 5
Main Fund Facts
Final NAV USD 72.80
Share Price (SIX) USD 61.50
Share Price (LSE) USD 62.50
Portfolio Size USD 238'588'095
Inception Date 01-Dec-96
Share class currency USD Legal Structure Swiss Investment Company
Reference Index HFR FoF Composite
Listing SIX, LSE Last Dividend CHF 2.35
Performance Chart
The NAV per share and closing price information shown take into account the dividend payment of CHF 2.35 approved at the Annual General Meeting on 22 April 2013.
Monthly Returns (Net)
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
2015 | 4.82% | 0.05% | 2.46% | 1.91% | 0.34% | ||||||||
2014 | 5.66% | 0.68% | 2.06% | -1.66% | -1.21% | 2.33% | 1.12% | 0.12% | 1.17% | -0.44% | -2.20% | 2.23% | 1.45% |
2013 | 10.37% | 2.15% | 0.31% | 1.34% | 0.79% | 1.27% | -1.86% | 0.57% | -0.65% | 2.25% | 0.88% | 1.53% | 1.42% |
2012 | 2.85% | 1.85% | 1.70% | 0.91% | -0.12% | -0.95% | -1.55% | 0.77% | 0.84% | -0.42% | -0.56% | -0.36% | 0.77% |
2011 | -7.52% | 0.50% | 2.04% | -0.47% | 1.13% | -1.38% | -2.50% | 0.15% | -3.95% | -2.54% | -0.04% | -1.00% | 0.45% |
2010 | 12.47% | -0.31% | 0.94% | 1.98% | 1.78% | -3.52% | -1.34% | 1.44% | -0.01% | 4.16% | 2.42% | 1.24% | 3.27% |
2009 | 13.55% | 2.27% | -0.41% | 0.04% | 0.05% | 2.82% | 0.33% | 1.51% | 1.42% | 1.57% | 0.52% | 1.01% | 1.70% |
2008 | -29.20% | -4.42% | 3.83% | -5.02% | -0.14% | 2.60% | -0.59% | -5.73% | -3.05% | -10.20% | -4.96% | -2.94% | -2.60% |
2007 | 16.30% | 0.80% | 2.86% | 1.94% | 1.95% | 2.84% | 1.47% | 1.85% | -3.35% | 3.28% | 4.27% | -3.99% | 1.60% |
2006 | 20.49% | 6.25% | 0.92% | 3.20% | 4.58% | -3.41% | -1.09% | -0.31% | 0.93% | -0.92% | 2.39% | 3.97% | 2.69% |
2005 | 8.57% | -0.79% | 3.59% | -2.26% | -3.73% | -0.45% | 1.62% | 1.81% | 1.22% | 3.77% | -2.23% | 1.63% | 4.43% |
The table above only shows the monthly returns for the previous ten years. The full historical returns since launch in December 1996 can be retrieved at www.altin.ch.
Allocation by Style
Significant Holdings
Monthly Comment
ALTIN was slightly up in April. The month was characterised by a strong reversal in many trends across asset classes, most significantly in the German Bund, but also in crude oil, currencies and equities. This impacted managers and strategies in various ways, leading to a relatively high performance dispersion across managers, including within styles. Event Driven, Equity Hedge and Relative Value were on average positive, whereas Macro and Protection were negative. The bulk of the performance came from equity-related strategies, with the best contribution of all coming from a Chinese equity long/short manager that benefited from the strong rally in its market. The rebound in oil prices and related assets was also positive for many equity and credit managers exposed to that space, in particular in the Event Driven silo. The equity market neutral managers in the portfolio, especially those with very limited sector and factor exposures, also performed well. This is somewhat in contrast with many managers that were impacted by the correction of the momentum factor. Nonetheless, it is worth mentioning that traders in the equity market neutral space are currently close to using their full risk budget, which is an indication that they are finding stock picking ideas and feel confident about their portfolios. On the downside, Macro managers were generally negatively impacted by the trend reversal, with systematic trend followers being obviously impacted the most, especially due to their long fixed income and long US dollar positioning.
Administrative Information | ||||
Stock Exchanges | SIX | LSE | Minimum Investment | 1 share |
Trading | Daily | Daily | Management Fee | 1.5% based on market cap. |
CH Security Nr | 1 442 452 | - | Performance Fee | 5% perf. fee for |
ISIN Code | CH0014424524 | CH0014424524 | 10% perf. fee for 12%-20% NAV increase; | |
SEDOL | 4819053 | 3120596 | perf. fee capped for > 20% NAV increase. | |
Reuters | ALTIn.S | ALTIwq.L | Investment Manager | Alternative Asset Advisors SA, Bahamas |
Bloomberg | ALTN SW | AIA LN | Central Administration | Citco Fund Services, Cayman Islands |
Reuters Page | ALTIN | - | Independent Auditors | PwC Switzerland |
Web Site | www.altin.ch | www.altin.ch | Fiscal Year | December End |
The market valuation, terms and calculations contained herein are final but unaudited. Over time, there may be changes to the information currently supplied in this document. No responsibility is taken for amending or correcting any previously supplied information. This material is for private information only and should not to be construed as an offer to sell or the solicitation to buy any investment product. The information provided is believed to be reliable, without any guarantee of completeness or accuracy and it should not be relied upon as such. Past performance does not guarantee or predict future performance.
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