Hedge Funds

Altin adds to event driven allocation

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Altin, the Switzerland-listed fund of funds, has increased its exposure to event driven managers, growing the allocation to 18.58% from 12.14%, as two new funds were added.

The growing opportunity set available to managers active in this strategy means the portfolio now has an allocation of 2.33% to the Alden Global Distressed Opportunities Fund as well as 3.88% to the Jana Offshore Partners fund, 4.21% to Omni Global Fund, 3.31% to Paulson Advantage Plus Fund, 0.31% to RAB Special Situations Fund and 4.48% to York European Opportunity Trust.

The portfolio's largest strategy allocation, to equity long/short, was slightly