ALTIN, the $280 million fund of hedge funds listed on the London and Swiss stock exchanges recorded an investment performance of +13.57% in 2009, outperforming the HFRI FoF Index, which recorded +11.55%, and has had a strong start to the year, up +3.75% YTD to 26 April 2010.
The discount of the share price to its NAV per share was reduced to 19.9% at the end of 2009, down from 33% at the end of 2008, when investors massively and indiscriminately sold off all assets considered to be risk-prone.
ALTIN has one of the world’s longest track records as an exchange-listed fund of hedge funds. It listed on the Swiss Stock Exchange in 1996 and on the London Stock Exchange in 2001.
ALTIN is managed by 3A Alternative Asset Advisors SA, the management firm specialised in alternative investments and a member of the SYZ & CO Group. ALTIN is currently invested in over 35 underlying hedge funds representing 10 investment strategies.