In The News - The Hedge Fund Journal - Altana launches distribution share class

Altana Wealth (“Altana”), an investment management group, has launched a distribution share class for the Altana Hard Currency Fund (“AHCF”), which will pay 4% annually by means of capital redemptions.

The distribution share class has been created in response to demand from investors who Altana report are looking for alternative methods to offset their recurring liabilities, whilst simultaneously seeking capital growth. Traditional instruments which have served this purpose in the past, such as government bonds, now have very low (and in some cases negative) yields.

In order to fulfil this demand, the AHCF seeks to help counter the destructive effect of inflation and to protect the real value of investor’s wealth by optimally investing in a diversified group of hard currencies.

"A combination of macro factors make the AHCF an attractive prospect for those seeking to diversify from a standard sovereign portfolio,” said Ian Gunner, Portfolio Manager of the Altana Hard Currency Fund. “The currencies of debtor nations will be threatened by the policies that are required to correct underlying fiscal imbalances as well as the risk of further central bank money printing. Such countries face a significant risk of lower economic growth, lower rates of return and reduced demand for their currencies. The currencies of ‘harder’ creditor nations should benefit over time as a result. We believe that this is an exceptional investor opportunity for anyone who earns income from or holds wealth in any of the main reserve currencies.”

The AHCF is to be seeded by Lee Robinson, who launched Altana, with $25 million.