Altamira has released its June 30 2007 financial statements. A quick search reveals some astonishing finds. For example, the Precision European RSP Index Fund had 37%.
The Precision U.S. RSP Index fund had 44.91% of its assets in commercial paper (including Comet, Planet, Aurora, Apsley, Silverstone, etc.). THe web site (today August 30) mentions the fund's objective as:
"The Fund is ideal for the investor who is looking to match the returns of the S&P 500 Index (in $US returns) with a hedge against currency fluctuations and who is willing to endure an above average degree of volatility."
The Precision European RSP Index fund's objectives were: "The Fund seeks long-term growth of capital by tracking the performance of the FTSE Eurotop 100 Index*." This fund had 38.05% of its assets in commercial paper, including Zeus, Planet Trust, Silverstone, Ironstone and others.
The Altamira Precision International RSP Index Fund had 44.91% of its holdings in commercial paper, see contents below.