Altin changes direction to benefit from an increase in M&A activity

By Joanne Frearson The Altin fund of hedge funds favours directional strategies, but it is starting to position itself towards convertible arbitrage and event driven as a result of the rise in M&A activity taking place across Europe, the US and Asia. The product is run by José Galeano, head of portfolio management and research at 3A - the alternative division of the Swiss banking group SYZ & Co. It has achieved an annualised performance over a three-year period of 11.90%, compared to the Hedge Fund Research Fund of Fund Composite index of 7.75%. Galeano says: "The fund has had a directi...