Altin AG Holding(s) in Company
18 October 2012 - 3:30AM
UK Regulatory
TIDMAIA
ALTIN market review and portfolio holdings as of 1st October
2012
Baar, 17 October 2012 - 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 more than 30 underlying hedge funds and
representing over 10 investment strategies, is particularly well
diversified and has a NAV performance of +164.83%1 since its
inception in December 1996.
Portfolio as at 1st October 2012 Total Portfolio (%)
Macro Strategy 17.13%
AlphaMosaic SPC - SP 127 Episteme Capital 1.43%
Partners LLP Systematic Quest Fund 3X
Comac Global Macro Fund Ltd 3.79%
Goldfinch Capital Management Offshore Ltd 2.98%
LD Commodities Alpha Fund Ltd 1.70%
The Clive Fund Ltd 3.80%
Two Sigma Compass Enhanced Cayman Fund Ltd 3.43%
Managed Futures Strategy 1.29%
AlphaMosaic SPC - SP 10 Welton 0.72%
Global Directional 2X
AlphaMosaic SPC - SP 73 Blackwater Capital 0.57%
Management LLC Global Program 2X
Credit Strategy 13.84%
Claren Road Credit Fund Ltd 3.99%
LAMP Funds (Ire) 1 plc - Marathon 6.06%
Opportunistic Credit Fund
Marathon Special Opportunities Fund Ltd 0.64%
R3 (C), Ltd 3.15%
Convertible Bond Strategy 9.38%
Aristeia International Ltd 3.34%
LAMP Funds (Ire) 3 plc - Lazard 6.04%
Rathmore Multi-Strategy Fund
Equity Long/Short Strategy 30.64%
Arrow Offshore Ltd 7.09%
BlackRock UK Emerging Companies Hedge Fund Ltd 4.78%
Coatue Offshore Fund Ltd 4.57%
Scopus Fund Ltd 4.51%
Scopus Vista Fund Ltd 2.51%
Sprott Offshore Fund Ltd 3.26%
LAMP UCITS Funds (Ire) 2 plc 3.92%
- LAMP Visium Global Fund
Interest Rate Strategy 8.92%
EMF Fixed Income Fund Ltd 3.30%
Providence MBS Offshore Fund Ltd 5.62%
Protection Strategies 4.47%
LAMP Funds (Ire) 1 plc - Capstone Convexity Fund 4.47%
Equity Market Neutral Strategy 4.03%
ZLP Offshore Utility Fund Ltd 4.03%
Event-Driven Strategy 11.50%
LAMP Funds (Ire) 1 plc - LAMP JANA Partners Fund 7.97%
Omni Global Fund Ltd 3.53%
Multi-Strategy Funds 13.24%
Brevan Howard Fund Ltd 1.36%
Millennium International Ltd 4.45%
QVT Overseas Liquidating Ltd 1.45%
LAMP Funds (Ire) 1 plc - LAMP Hayman Capital Fund 5.98%
Private Equity 0.66%
MPM Bio Ventures II 0.66%
ALTIN AG 3.60%
Others 1.69%
Total 120.4%
ALTIN: Q3 2012 commentary
During the third quarter of 2012 markets experienced a new phase
of risk taking. Equity markets rose overall, and yields came down
as investors went on a new buying spree. The main cause for this
new 'risk on' environment was essentially the anticipation of
another round of quantitative easing on both sides of the Atlantic.
The message came out more or less as expected: the European Central
Bank's Mario Draghi is committed to do whatever it takes to ensure
no country defaults on its debt (provided people do exactly what he
says), and in the US, the Federal Reserve's Ben Bernanke will keep
short term rates at 'zero' until the US is in a new phase of growth
and unemployment drops and stabilises.
The Macro allocation was reduced to 17.13%, down from 20.30% in
the previous quarter, as Blenheim Global Markets Fund Ltd was
removed from the portfolio. A 6.06% position was opened in LAMP
Funds (Ire) 1 plc - Marathon Opportunistic Credit Fund, which
resulted in the Credit allocation rising to 13.84%, up from 7.89%
in the previous quarter. The Equity Long/Short silo saw two
changes, the remaining position of 7H Absolute was sold, and a
3.92% position in LAMP UCITS Funds (Ire) 2 plc - LAMP Visium Global
Fund was opened. As a result the total allocation to Long/Short
managers rose from 27.35% to 30.64% going into October.
Top contributors YTD as 30.09.2012 (estimated data)
-- BTR Global Opportunity Trading Ltd +1.27%
-- Arrow Offshore Ltd +0.74%
-- LAMP Funds (Ire) 1 plc - LAMP JANA Partners Fund +0.69%
Top detractors YTD as 30.09.2012 (estimated data)
-- LAMP Funds (Ire) 1 plc - Capstone Convexity Fund -1.28%
-- Rig III Fund Ltd -0.38%
-- Banyan Capital Fund Limited -0.37%
ALTIN: No changes in underlying fund's liquidity
ALTIN's portfolio continues to focus on hedge funds with a
redemption frequency term of 3 months or less. This high level of
liquidity allows ALTIN to take advantage of attractive
opportunities when they arise. Exposure to a particular investment
theme can also be increased via the leverage facility that ALTIN
has in place. This high level of flexibility means the portfolio
can be nimble in capturing a particular market opportunity or
investment theme, or similarly avoid particular market risks.
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 30 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 2012
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