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Matt Osborne by Beverly Chandler, Opalesque London:

California-based Altegris has added to its stable of managed futures based mutual funds, with the launch of the Altegris Futures Evolution Strategy Fund. Matt Osborne, Executive Vice President, and Co-portfolio manager for Altegris Advisors explained that this fund combines managed futures with actively managed fixed income, designed to produce a return, not just act as portfolio insurance.

"The thinking on this was to bring the next step in managed futures funds" he explains. "We wanted to have a fixed income component which was actively managed with potential to achieve substantial alpha."

The new fund has a focused and concentrated managed futures portfolio, predominantly managed by London-headquartered Winton Capital and supported by Stanley Fink’s ISAM. The fixed income part of the portfolio is supplied by DoubleLine Capital, an award-winning fixed income firm led by portfolio manager Jeffrey Gundlach. DoubleLine’s Core Portfolio is up 10% year to date.

Gundlach gains his returns using among other things mortgage-backed securities. "The fund has potential for more return and potential for more risk" says Osborne. "It has a very active best of breed fixed income manager being deployed and a CTA in Winton who has one of the best risk adjusted return profiles of any CTA."

The first Altegris mutual fund investing in managed futures was the Altegris Managed Futures Strategy......................

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