Thu, Mar 23, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He