Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Altegris launches long/short equity fund

Wednesday, May 23, 2012

amb
Allen Cheng
Bailey McCann, Opalesque New York:

US-based Altegris Advisors offers a diverse range of alternative investments. They offer a suite of private funds, actively managed mutual funds and futures managed accounts - now they are launching a new long/short equity fund. The firm recently highlighted the new fund along with its other investment opportunities in a multi-city road show targeted at independent broker-dealers and retail investment advisors.

"We launched this fund with four seasoned long/short fundamentals managers," says Allen Cheng, Chief Investment Officer, Altegris Advisors in an interview with Opalesque. "They are seasoned in shorting stocks, they aren't using ETFs to do it, they're real."

"We believe many long/short funds are managed by long-only managers who've only recently started shorting," said John Sundt, President and CEO of Altegris. "We were methodical in our preparation for launching this fund. We launched this fund only after we had identified and selected what in our opinion are best of breed managers with verifiable long and short equity track records."

Cheng notes that the managers involved in fund came into it even after taking a significant cut in their fees and not taking an incentive fee. The fund seeks to achieve long-term capital appreciation with less volatility and moderate correlation to major equity market indices. The fund will operate as an actively managed mutual fund ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s