Syz takes action to bolster hedge fund

The listed fund of hedge funds group sponsored by Swiss private bank Syz & Co, has unveiled new measures to bolster its flagging share price.

The fund, Altin AG, intends to repurchase up to 10% of its shares through a capital reduction programme, on top of buying stock through its corporate treasury. Altin has also reduced its leverage to zero, adopted a more conservative investment strategy and disclosed the identity of the hedge funds in which it invests.

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