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Rating:Altegris Raises a Billion in Alt Fund Assets Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 26, 2011

Altegris Raises a Billion in Alt Fund Assets

Reported by Armie Margaret Lee

Altegris Advisors' [see profile] Altegris Managed Futures Strategy Fund has passed the $1-billion mark in AUM 13 months after its birth. La Jolla, California-based Altegris, which last year was acquired by Genworth Financial, is now preparing to launch its third mutual fund next week.

Altegris launched its debut mutual fund, Managed Futures Strategy, in September of last year. The fund is one of the earliest actively-managed managed futures mutual funds in the market.

Jon Sundt, Altegris president and CEO and a co-PM of the fund, said in an interview that although he and his team had anticipated great demand for the product, they were "somewhat surprised" that the fund reached the $1 billion milestone just a little over a year after its launch.

Meanwhile, Altegris has added Stockholm, Sweden-based Lynx Asset Management to the fund's sub-adviser roster, which includes Windon Capital Management and Quantitative Investment Management.

In July of this year, Altegris launched its second mutual fund, the Altegris Macro Strategy Fund. That fund has $167 million of AUM.

Next week, Altegris plans to unveil its third mutual fund, Altegris Futures Evolution Strategy Fund. DoubleLine Capital will sub-advise the fixed income portion.

Over the past year, Altegris has expanded its sales force from 22 to 35 people. John Scarcella and Kirk Strawn lead the team.
Company Press Release

Altegris Managed Futures Strategy Fund Tops $1 Billion in AUM

Adds Lynx Asset Management to Manager Line-Up

LA JOLLA, Calif., Oct. 26, 2011 -- Altegris Advisors (altegrismutualfunds.com) is pleased to announce that the Altegris Managed Futures Strategy Fund (MFTAX, MFTCX, MFTIX) has exceeded $1 billion in assets.

The Fund is one of the earliest actively-managed managed futures mutual funds brought to market. It offers financial professionals and individual investors exposure to the managed futures asset class, which has experienced sustained profitability during recent crisis periods.

Furthermore, during the "Credit Crisis" from October 2007 to February 2009, the managed futures asset class as represented by the Altegris 40 Index generated double-digit returns while the stock market, as represented by the S&P 500 Total Return Index, lost approximately half of its value. The asset class demonstrated resilience again this summer during what Altegris believes was a "mini summer crisis" in the stock market. Of course, past performance and diversification are not indicative of future results.+

"Reaching the $1 billion mark in little more than a year affirms our belief that there's a growing demand for accessible alternative investments," said Jon Sundt, Altegris President, CEO and a Co-Portfolio Manager of the Fund. "In my opinion, reaching this milestone further confirms the attractiveness of the potential alternatives, as reflected in our rapidly expanding suite of alternative mutual funds, including the Altegris Managed Futures Strategy and Altegris Macro Strategy Funds (MCRAX, MCRIX, MCRNX.)+ Our mission is to find what we believe are the best alternative investment managers in the world and bring them to our clients through mutual funds, private funds and managed accounts."

"Although past performance is no guarantee of future results, we believe managed futures are a core long-term strategy that has historically proven itself as an important portfolio diversifier," added Allen Cheng, SVP and Chief Investment Officer.

The growth of the Altegris Managed Futures Strategy Fund has allowed the Fund to continue to access world class managed futures managers including Winton Capital Management, Quantitative Investment Management and most recently, Lynx Asset Management. Based in Stockholm, Sweden, Lynx has approximately $5.7 billion USD under management. Lynx is a prominent trend-following manager that blends four distinct sub-groups of models across multiple time frames, ranging from short-to-long-term outlooks. With a decade of experience, Lynx's enhanced diversification program historically has produced uncorrelated returns during years when trends were less prevalent, such as 2005, 2006 and 2009.

Please contact James Doyle at (973) 850-7308 or jdoyle@jcprinc.com or Andrea Trachtenberg at (800) 828-5225 or atrachtenberg@altegris.com for more information.

About Altegris Advisors

Altegris Advisors, LLC is the investment adviser to the Altegris Managed Futures Strategy Fund. The Altegris Companies, wholly owned subsidiaries of Genworth Financial, Inc., include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions.*

Altegris has one core mission to find the best alternative investments for our clients. The Altegris platform offers a straightforward and efficient solution to provide what we believe are best-of-breed alternative investments designed to meet the needs of investment professionals and individual investors. With one of the leading Research and Investment groups focused solely on alternatives, Altegris follows a disciplined process for identifying, evaluating, selecting and monitoring investment talent across a spectrum of alternative strategies including managed futures, global macro, long/short equity, event-driven and others.
 

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