Altana launches directors’ dealings fund
Altana Wealth, the investment management group founded by Lee Robinson, has announced that it has launched a new fund: the Altana Directors’ Dealings System Fund (ADDS). The fund, now open to external investors, tracks the short-term opportunistic buying behaviour of company directors in US liquid listed companies and replicates the best 0.5% of their trades. Back testing of the system shows that during the period 2003 to 2014, ADDS outperformed the S&P 500 index. The strategy has already attracted investor interest, including a large external cornerstone investor. The strategy has been running live in a (non-UCITS) wrapper since November 2014 and recorded gross returns of 2.83% in November and 5.23% in December. From April 2014 to October 2014 the strategy was run with internal capital also giving positive results, according to Altana.