Altin AG Half-yearly Report

 
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. [phone]                      David Hothersall 
[e-mail]                                 Tel. [phone] 
                                              [e-mail] 
 
 

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

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(END) Dow Jones Newswires

August 28, 2015 12:30 ET (16:30 GMT)