ALTIN has disclosed its entire hedge fund portfolio holdings as of 1 April 2012 as part of its policy of full transparency to investors. 

The portfolio, featuring over 35 underlying hedge funds, and representing 11 investment strategies, is particularly well diversified and has a NAV performance of +166.36% since its inception in December 1996. This compares to +113.28% for the HFR FoF Composite Index.

ALTIN continued continued to reduce leverage in the first quarter of 2012, which fell from 115% to 105.7% over the first quarter 2012. It remains well diversified both on a strategy and geographical level, as well as liquid. 

The majority of the change in leverage stemmed from a reduction in the Event Driven silo, from 11.76% to 3.25%. This reduction was partially due to poor performance and the removal of one manager, Paulson Advantage Plus Fund Ltd, and on the other hand, an anticipated rotation to another fund managed by the same manager, Jana Offshore Partners Ltd.

The Macro silo was reduced from 25.92% to 24.29% as one manager was redeemed. The Managed Futures silo was also reduced from 2.97% to 2.07%. A new Protection Strategy was implemented over the period and LAMP Capstone Convexity Fund and LAMP Conquest Customised Macro Master Fund 2X now sit under this new classification. The allocation to this strategy is 5.51%.