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Altegris enhances Managed Futures Strategy Fund

Thursday, May 25, 2017
Opalesque Industry Update - Altegris Advisors, a provider of premiere alternative investments, is announcing enhancements to the Altegris Managed Futures Strategy Fund (Tickers: MFTAX, MFTIX, MFTCX, MFTOX) in an effort to provide current and future investors with increased transparency, lower costs, improved tax efficiency and the potential for greater diversification. Altegris has transitioned the Fund to an allocation model with investment strategies pursued via direct allocation to managers.

The Fund is an actively-managed mutual fund that invests in financial and commodity futures markets, seeks to achieve positive absolute returns in rising and falling equity markets, and has the potential to dampen portfolio volatility. Altegris Advisors now allocates Fund assets using a simpler and more streamlined process by which multiple managers trade directly for the Fund via sub-advisory and trading advisory arrangements. The transition has no impact on Fund management fees, which are unchanged, but are expected to reduce Fund operating expenses and remove imbedded costs and fees associated with the previous allocation method. As a result, Altegris has engaged seven new managers to pursue strategies on behalf of the Fund, including Millburn Ridgefield Corporation, QMS Capital Management, GSA Capital Partners, Crabel Capital Management, Phase Capital, Three Rock Capital Management, and Centurion Investment Management.

"As a pioneer in managed futures delivering diversifying strategies to institutional and retail audiences for over fifteen years, we recognize that transparency, low cost, and improved tax efficiency are of the utmost importance to investors," said Matt Osborne, CIO at Altegris and Portfolio Manager of the Altegris Managed Futures Strategy Fund. "As a result of these enhancements, we're pleased to offer one of the most competitively-priced multi-manager managed futures funds in the category, and are confident that this new structure will appeal to an even wider set of investors seeking absolute returns and access to a unique blend of what we believe are leading investment managers."

This change is the firm's latest push to deliver best-in-class investment solutions across the managed futures space. In March, the firm announced the launch of the Altegris GSA Trend Strategy Fund (Tickers: TRNAX, TRNIX, TRNNX), a pure trend-following strategy with a leading quantitative manager, designed to offer investors the potential to improve the risk return profile of a traditional portfolio at a lower cost per unit of target volatility than many other managed futures investment options.

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