Challenge

  • ALTIN is a $240m fund of hedge funds trading on the London and Swiss stock exchanges
  • Post the 2008 financial crisis, many such funds began trading at a discount to net asset value
  • With the sector out of favour the discount reached over 33%

Strategy

  • Underline fund reallocation strategy, quality of holdings and liquidity
  • Communicate improved performance and new shareholder friendly measures
  • Arrange highly targeted meetings with relevant institutional investors and wealth managers

Result

  • Performance was up +24.65% in 2013 and NAV was up +10.42%
  • Reconnecting with investor groups in London leading to increased interest
  • ALTIN share price discount to NAV narrowed to 20% in 2014