Launches & Closures

Altana adds distribution share class for hard currency vehicle


Former Trafalgar Asset Managers co-founder Lee Robinson’s new Altana Wealth operation has launched a distribution share class for its Altana Hard Currency Fund.

The new class will pay 4% annually by means of capital redemptions, with distributions made on a semi-annual basis irrespective of fund performance. Positive capital returns will therefore only be achieved if growth exceeds the 4% annual distribution rate.

The distribution share class has been created in response to demand from investors looking for alternative methods to offset their recurring liabilities, whilst simultaneously seeking capital growth.

Altana points out that traditional instruments that have served