Altin AG Half-yearly Report
August 28 2015 - 12:30PM
UK Regulatory
TIDMAIA
ALTIN: 2015 Half year results
ALTIN AG Semi-Annual Report as 30 June 2015 (unaudited):
https://www.altin.ch/n/CNTP_597095_EN
Baar, 28 August 2015 - ALTIN AG (SIX: ALTN, LSE: AIA), the Swiss
alternative investment company, today published its half year
results as of 30 June, 2015. The half year report is available on
the company's web site at the following address:
https://www.altin.ch/about-altin/publications/index.htm
The ALTIN portfolio generated positive returns over the first
half of 2015. The period was characterised by seesaw markets,
unstable correlations and no clear trends as well as a renewed
focus on central banks' actions and the Greek crisis. Despite this
difficult context, the relatively good level of securities'
dispersion and corporate activity led most hedge fund styles to
post positive returns for the period, with Equity Hedge leading the
pack. The only exception was Macro, which was affected by trend
reversals as well as several spikes of volatility that disrupted
trades with a mid-term horizon. The portfolio did particularly well
during most of the period, being positive whatever the direction of
markets in every one of the first five months of the year. In June
the portfolio gave up some of its gains due to a combination of two
distinct events: first, a synchronised and counter-trend correction
in bonds and equities and secondly an accelerating rise in risk
aversion as investors witnessed the gradual and dramatic collapse
of the Greek bailout talks. The best contributors over the period
were clearly to be found amongst equity managers, whether market
neutral, specialist or event-driven. The worse contributor was a
systematic macro fund, followed by two discretionary macro funds.
Overall, the portfolio saw, month-by-month and over the period, a
high level of dispersion of returns amongst managers, which
underlines the robustness of its construction. For the YTD to end
July 2015, the portfolio recovered to post an NAV return of +4.29%,
outperforming the HFRI FoF Composite Index, which returned +2.98%
over the same period.
Performance ALTIN AG1 (NAV) ALTIN AG SIX HFRI MSCI World
data Share price FoF Composite Net Return
as of 31 July index index
2015
YTD +4.29% +13.35% +2.98% +4.47%
1st half-year +2.69% +13.26% +2.68% +2.63%
2015
Cumulative +221.65% +195.82% +151.33% +193.18%
since
December 1996
Annualized +6.46% +5.98% +5.06% +5.93%
since
December 1996
1ALTIN's performance data provided above is based on the NAV as
at 31 July 2014 (final)
Allocation per strategy at 30 June 2015 As a % of total assets2
Relative Value 36.1%
Event Driven 30.5%
Macro 25.7%
Equity Hedge 25.2%
Protection 2.9%
ALTIN AG 1.4%
Special Investments 1.1%
2ALTIN's gross exposure stands at 122.9% as at 30 June 2015.
For further information, please contact:
Tony Morrongiello - Chief Executive Officer Kinlan Communications
Tel. +41 (0)41 760 62 60 David Hothersall
info@altin.ch Tel. +44 (0)20 7638 3435
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 40 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. Thanks to these characteristics and a low
correlation with equity markets, ALTIN shares provide an ideal
complement to all diversified portfolios.
www.altin.ch
View source version on businesswire.com:
http://www.businesswire.com/news/home/20150828005135/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
August 28, 2015 12:30 ET (16:30 GMT)
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