Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
24/11/2011
ALTIN FoHF to offer 4% dividend
ALTIN, the Swiss fund of hedge funds (FoHF) firm listed on the London and Swiss stock exchanges, is to boost its dividend payout to 4% in an effort to increase its attractiveness to investors.
Announcing the move the today, the firm said its Board would propose to each Annual General Meeting that a dividend equivalent to 4% of the NAV be paid, provided that the legal requirements are met. Until now the company did not pay any dividend.
Furthermore an additional distribution would be offered to shareholders, of 20% of the annual performance exceeding 4%. These amounts would be paid out of share premium reserves.
Launched in 1996, ALTIN is invested in more than 35 hedge funds across a range of strategies.
ALTIN is managed by Alternative Asset Advisors SA, a management firm specialising in alternative investments and a member of the SYZ & CO Group.
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