Altana Distressed Opportunities Fund wins Hedgeweek European Performance Award

L-R Steffen Dietel, George Nadda (and AGCF PM Christoph Mueck) receiving their award.

The Altana Distressed Opportunities Fund  (ADOF) won the Best Overall Event Driven Hedge Fund award at the Hedgeweek European Awards 2023.

PMs Steffen Dietel and Gerge Nadda received their award at London’s Reform Club on 9 March, 2023. 

ADOF’s investment strategy focuses on investing in distressed companies in the offshore oil and gas services industry, a sector that has seen its fair share of challenges in recent years. The team has the expertise and experience to navigate a complex market and identify attractive investment opportunities that have the potential for significant returns.

 In 2022 ADOF returned 115.4% (after fees), in 2021 it returned 76.4%. In the first two months of 2023 the fund has returned 11.1%. ADOF is ranked First in With Intelligence's recently published paper on hedge fund strategies in distressed debt.

 In February 2023 the portfolio managers made the decison to soft close ADOF in order to ensure excellent returns for all investors.  

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