June 2016
Performance Figures (Net) | ||
Cumulative | Fund | Index |
MTD | -1.83% | -0.43% |
YTD | -3.37% | -2.56% |
1-year | -3.97% | -5.38% |
3-year | +10.56% | +5.88% |
5-year | +10.21% | +8.46% |
Since inception | +204.16% | +137.18% |
Annualised | ||
3-year | +3.40% | +1.92% |
5-year | +1.96% | +1.64% |
Since inception | +5.84% | +4.51% |
Main Fund Facts
Final NAV USD 68.49
Share Price (SIX) USD 61.90
Share Price (LSE) USD 61.00 Portfolio Size USD 236'269'946
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 | |
2016 | -3.37% | -0.04% | -1.54% | -1.06% | 0.25% | 0.83% | -1.83% | ||||||
2015 | 2.06% | 0.05% | 2.46% | 1.91% | 0.34% | 0.79% | -2.80% | 1.56% | -1.46% | -1.76% | -0.28% | 0.97% | 0.38% |
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% |
Annualised Risk Measures (Net) | ||
Fund | Index | |
Annualised Volatility | 7.43% | 5.81% |
Gain Deviation | 4.57% | 3.60% |
Loss Deviation | 5.93% | 4.69% |
Sharpe Ratio (RFR 4%) | +0.27 | +0.11 |
Best Month | +6.67% | +6.85% |
Worst Month | -10.20% | -7.47% |
% Positive Months | 65.53% | 63.83% |
% Negative Months | 34.47% | 36.17% |
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 down for the month. The surprising "leave" vote from the UK shook markets and even though they recovered shortly afterwards many managers were left wrong footed in the aftermath of the vote. With regards to the portfolio, all styles detracted from performance except for protection strategies that took advantage of the volatility spike on the day of the Brexit. Most equity managers had expected increased volatility due to political uncertainty and reduced exposures therefore missing the rally that followed in the last days of the month. Relative Value statistical arbitrage detracted from performance as the Brexit vote triggered a significant regime shift in the market environment that was detrimental to mean-reverting nature of the strategy. The Event Driven allocation was negative as gains in credit managers could not offset losses in equity. Macro was the most negative style as losses came from a pro-cyclically positioned manager and an energy focused fund. Looking forward we expect that the gradual normalization of the markets will continue and that managers will be able to take advantage of the opportunities created by the Brexit shock.
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 KPMG AG, Zurich
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 published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2016 15:04:01 UTC.
Original documenthttps://www.altin.ch/relations/publications/CNTP_705087_EN
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