Fri, Aug 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Altegris Advisors launches macro strategy fund

Wednesday, July 13, 2011

Jon Sundt
Opalesque Industry Update - Altegris Advisors announces the launch of the Altegris Macro Strategy Fund. The Fund offers simple, convenient access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund.

"Of all the investment strategies, global macro stands alone as the most flexible and opportunistic. Global macro managers assume that somewhere in the world, there's an opportunity," said Jon Sundt, President and CEO of Altegris and a Co-Portfolio Manager of the Fund. "The Altegris Macro Strategy Fund allows investors to participate in what we believe is an ultimate 'go anywhere' macro approach to investing through the traditional format of a mutual fund, with low minimum investment requirements."

Between January 1997 and March 2011, global macro as a category has experienced significantly lower volatility as measured by the Barclay Global Macro Index (6% on an annualized basis) when compared to the S&P 500 Index (16.5% annualized). In addition, over this same period, the global macro category achieved +9.7% annualized return, as represented by the Barclay Global Macro Index, compared with the S&P 500 Total Return Index's +6% annualized return. Of course, past performance of any asset class or strategy is not necessarily indicative of future performance.

The Altegris Macro Strategy Fund seeks to achieve positive absolute returns in rising and falling markets by allocating its assets between global macro strategies and a fixed-income strategy. Global macro strategies include investment styles such as discretionary, fundamentals-based investing with a focus on macroeconomic analysis; dedicated currency investing that pursues both fundamental and technical trading approaches; systematic trading strategies that incorporate technical and fundamental macroeconomic variables; and other specialized approaches to market sectors such as equities, interest rates, metals, agricultural and soft commodities.

The Fund's fixed-income strategy is designed to generate interest income and capital appreciation to diversify the returns under the global macro strategies. It invests in a variety of investment grade fixed-income securities.

Key features of the Fund include:

  • Actively managed, dynamic portfolio not a passive index fund
  • Daily liquidity
  • Low minimum investment
  • No investor pre-qualifications
  • 1099 tax reporting
  • Individual Class A (MCRAX), Class N (MCRNX) and Institutional Class I (MCRIX)

"Our new Fund reflects the Altegris commitment to bringing, what we believe, are the best alternative investment options to investors," Mr. Sundt said. "We look forward to continuing to develop premier alternative solutions designed to offer portfolio diversification and historically low-correlated investments."

(press release)
Source
KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill