Fri, May 29, 2015
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: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

 

banner