Tue, May 3, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n