Altana Wealth reposted this
We are delighted to share that BarclayHedge has recognised the performance of the Altana Digital Assets Fund. #cryptocurrency #digitalassets
Altana Wealth seeks unique and innovative investment strategies with a low correlation to broader public markets and where it has a competitive edge, typically due to superior information analysis or style of investment. These niche strategies are often less crowded and overlooked by large managers since capacity is generally constrained. Altana’s seed investments in new funds and continuing co- investments demonstrate commitment and alignment of interest with investors. Altana Wealth is a specialist fund manager focused on delivering alpha from niche strategies uncorrelated to other asset classes. As co-investors in all of our funds, our interests are aligned with those of our investors. Lee Robinson established Altana in 2010 as his co-investment vehicle. Today, the Altana team comprises thirty investment professionals in London and Monaco and has built a best-in-class infrastructure for operations, investor relations, and fund accounting alongside regulated service providers. Altana Wealth Ltd (“Altana”) is an asset management company based in London with an affiliate company based in Monaco. The company manages assets on behalf of professional clients and eligible counterparties. We are regulated by the FCA and CCAF and an approved UCITS operator by the Central Bank of Ireland.
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33 Avenue St Charles
Monaco, 98000, MC
Altana Wealth reposted this
We are delighted to share that BarclayHedge has recognised the performance of the Altana Digital Assets Fund. #cryptocurrency #digitalassets
We are delighted to share that BarclayHedge has recognised the performance of the Altana Digital Assets Fund. #cryptocurrency #digitalassets
An article from the Financial Times has caught our eye. Our CIO Lee Robinson, has shared his thoughts on the subject. “The article is flawed in that it assumes a downside of zero for the bonds, which is highly unlikely given that Cuba still trades in a 2-4c range. Using 4c as the downside and 30c as the upside, the bonds trading at 6c implied only an 8% chance of a positive outcome. Currently priced at 9c, this is a more realistic 20% positive outcome.” Altana Wealth has a position in Lebanese #SovereignDebt in its Asymmetric Opportunities Fund. You can read the full article here - https://lnkd.in/emugZxd6
Altana Wealth reposted this
While working towards an agreement with its stakeholders on the ongoing #debtrestructuring, Petrofac continues to be awarded significant contract volumes. Following the extension of its #forbearance agreement until 15th November, announced last week. Yesterday, Petrofac announced that it had been awarded a two-year multi-million contract with Bapco Upstream, Bahrain. Altana Wealth holds a position in Petrofac bonds in its Event-Driven Corporate Bond Fund. You can read the full announcement from Petrofac here - https://lnkd.in/eahssb_d
While working towards an agreement with its stakeholders on the ongoing #debtrestructuring, Petrofac continues to be awarded significant contract volumes. Following the extension of its #forbearance agreement until 15th November, announced last week. Yesterday, Petrofac announced that it had been awarded a two-year multi-million contract with Bapco Upstream, Bahrain. Altana Wealth holds a position in Petrofac bonds in its Event-Driven Corporate Bond Fund. You can read the full announcement from Petrofac here - https://lnkd.in/eahssb_d
Despite the strong performance of the US economy, we question the sustainability of US stock outperformance. With less than a week until the #USelection, the #USdollar is currently overvalued against major currencies, and tightening rate differentials could weaken the dollar. #Emergingmarkets could benefit as capital works its way back to Japan and China. You can read our current insights on the Dollar and US #Stocks here
The Wall Street Journal reports that a French court has approved Atos’s financial restructuring. The #restructuring aims to trim its debt pile, which has reached $5bn, and restore profitability. Altana Wealth holds Atos bonds in its Event-Driven Corporate Bond Fund and Asymmetric Opportunities Fund. Atos said it hopes to close the restructuring toward the end of the year or early 2025. Mathieu Scemama de Gialluly, PM at Altana Wealth, believes “this court decision paves the way for a swift closing of the restructuring in line with the guided timeline and demonstrates the alignment of interest between all stakeholders to execute this transaction at pace. Once the new capital structure is in place, the group can fully focus on its core business turnaround, led by the recently announced new CEO Philippe Salle.” You can read the full story here - https://lnkd.in/e8EGueFJ
Altana Wealth’s Neil Panchen and Stephen Martus, CFA will attend Global Alts Asia in Singapore from 11 to 13 November. The iConnections conference brings together investors focusing on Asia with thought leaders in finance, technology, and geopolitics. Please contact us if you will be in Singapore. We would be delighted to schedule a meet-up.
Altana Wealth’s #DigitalAssets portfolio manager Samed Bouaynaya, CFA is speaking at Digital Assets Miami tomorrow. You can join the session "Strategies Driving Digital Assets Adoption" here - https://lnkd.in/eMWAsz3w #DigitalAssetsConference
Last Friday, Altana Wealth hosted a table at the HUMEN Charity Ball at the NOBU Hotel. HUMEN is a male mental health charity focusing on reducing male suicide rates, which are currently 3x higher than females in the UK. The Orange Ball championed the cause of men's #mentalhealth, backing HUMEN's mission to prevent men from suffering in silence and dying too young. This was not simply an event but an investment in a future where silence is broken and lives are saved. Find out more about the charity and support its vital work here: www.wearehumen.org