December 2015
Performance Figures (Net) | ||
Cumulative | Fund | Index |
MTD | +0.47% | -0.53% |
YTD | +2.14% | -0.34% |
1-year | +2.14% | -0.34% |
3-year | +19.12% | +12.24% |
5-year | +13.29% | +10.88% |
Since inception | +215.03% | +143.22% |
Annualised | ||
3-year | +6.00% | +3.92% |
5-year | +2.53% | +2.09% |
Since inception | +6.20% | +4.77% |
Main Fund Facts
Final NAV USD 70.94
Share Price (SIX) USD 60.50
Share Price (LSE) USD 60.50 Portfolio Size USD 240'719'595
Inception Date 01-Dec-96 Share class currency USD Legal Structure Swiss Investment Company
Reference Index HFR FoF Composite Listing SIX, LSE
Performance Chart
Monthly Returns (Net) | |||||||||||||
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
2015 | 2.14% | 0.05% | 2.46% | 1.91% | 0.34% | 0.79% | -2.80% | 1.56% | -1.46% | -1.76% | -0.28% | 0.97% | 0.47% |
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% |
Annualised Risk Measures (Net) | ||
Fund | Index | |
Annualised Volatility | 7.48% | 5.83% |
Gain Deviation | 4.58% | 3.62% |
Loss Deviation | 6.05% | 4.73% |
Sharpe Ratio (RFR 4%) | +0.32 | +0.16 |
Best Month | +6.67% | +6.85% |
Worst Month | -10.20% | -7.47% |
% Positive Months | 66.38% | 64.19% |
% Negative Months | 33.62% | 35.81% |
Correlation | 0.77 | |
Maximum Drawdown | -30.94% | -22.20% |
Recovery Period | 74 | 66 |
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 up in December, a month which saw most asset classes as well as hedge fund indices perform negatively as the US Federal Reserve put an end to its 7-year of ultra-easy monetary policy. The bulk of the performance came from Relative Value, with virtually all funds up in that style thanks to a high level of intra-asset class dispersion. It is worth noting the large contribution from a specialist of the energy sector. Macro and Equity Hedge were also up, with significant positive contributors including a commodity manager, a systematic macro fund, a Chinese long short equity fund and a macro-driven equity long short fund, underlining if need be the diversify of the sources of returns in this product. Also noteworthy is the rebound of equity event-driven funds. The bulk of the negative contribution came from discretionary macro funds as well as pure trend followers and from credit strategies. This time around Protection strategies were the largest negative contributor, as markets were quite choppy in what remained a relatively benign correction for risky assets.
Administrative Information
Stock Exchanges SIX
Trading Daily
CH Security Nr 1 442 452
ISIN Code CH0014424524
SEDOL 4819053
Reuters ALTIn.S
Bloomberg ALTN SW
Reuters Page ALTIN
Web Site www.altin.ch
LSE
Daily
- CH0014424524
3120596
ALTIwq.L AIA LN
-
www.altin.ch
Minimum Investment 1 share
Management Fee 1.5% based on market cap.
Performance Fee 5% perf. fee for 20% NAV increase.Investment Manager Alternative Asset Advisors SA, Bahamas
Central Administration Citco Fund Services, Cayman Islands
Independent Auditors PwC Switzerland
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.
Altin AG issued this content on 31 December 2015 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2016 17:40:55 UTC
Original Document: https://www.altin.ch/about-altin/publications/CNTP_631885_EN