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Alternative Market Briefing

Altegris launches long/short equity fund

Wednesday, May 23, 2012

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 ......................

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