In The News - Hedgeweek - Altana’s specialist credit strategy eyes short duration alpha plays after Q2 rebound

Altana Wealth, the credit, currency and special situations-focused hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, believes its specialist corporate bond strategy is well placed to generate further gains following a strong second quarter performance

By Hugh Leask

The firm’s Altana Corporate Bond Fund – which trades a range of short-duration investment grade and opportunistic high-yield and event driven credit themes globally – made 2.5 per cent in June, and rose more than 9 per cent overall during Q2.

The gains partly eased sharp losses suffered during the Q1 sell-off. But the fund’s USD share class was still down more than 7 per cent in the first six months of 2020.

In a flash update this week, Altana said that with interest rates remaining at or below zero, the ABCF’s short-duration profile and alpha-focused credit selections - coupled with credit hedge overlays to curb volatility - puts it in good stead compared to other index or high-beta, longer-duration funds.

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