The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Shop Serves Up Single Alts to Connoisseurs  Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 04, 2014

Shop Serves Up Single Alts to Connoisseurs

Reported by Tommy Fernandez

When it comes to Scotch whiskey, ingenues are first served the blends. They're mellower, easier to handle. As palates develop, drinkers move onto the single malts -- each with their own distinctive profile.

As the whiskey industry, so goes liquid alts.

Altegris is an example of one such firm offering single alts, so to speak. The La Jolla, California-firm currently offers seven alt funds. The firm plans to launch two more funds this year, single-manager versions of two strategies previously offered in multi-manager versions.

Dick Pfister, executive vice president and managing director of global sales and consulting for Altegris, explained his company's thinking in this way:

We have built out this wheel of strategies, long short; fixed income, long short real estate; global macro; fixed income. These strategies were previously built out in multi-manager products. We aim to fill out all of those with a single manager.

We still believe in multi-manager, it gives investors the best risk profile. However, not all investors want that broad diversification. Some are willing to take more risk with a single manager. This is our bread and butter, we know these managers very well. It is an easy add to our platform. We already have the bandwidth, it makes a lot of sense to find those single managers that are well worth it.

A key advantage of single manager products is that they have lower costs structures and expense ratios than multi-manager products. Pfister says that like in everywhere else in the industry, the alts market is experiencing price pressure from advisors.

Of course, the buyers of these single alts will be slightly differently from those wading in with the multi-manager products. Single alt connoisseurs are comfortable with the higher level of risk that comes with single manager products, and often mix and match such products to make their own blends.

Meanwhile, Altegris is experiencing no shortage of alt shops who want to serve up bottles of their investments in '40 Act Country.

"We still have a large footprint in hedge funds, which are the feeding ground for our '40 Act funds. Managers who would never have talked to us five years ago, who wouldn't touch '40 Act, are now reaching out to us, regularly," Pfister said. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Director Discussion Series - Open Forum via Zoom, September 29
  2. IMEA roundtable - Portfolio Construction, September 29
  3. MMI webinar - The Future of Marketing is Changing ... Are You Ready?, September 29
  4. IDC Speaker Series - A Conversation with Roger Ferguson, October 3
  5. IDC webinar - A Conversation with Roger Ferguson, Jr., October 3
  6. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  7. Nicsa Fearless Leadership Symposium, Oct 6-7
  8. 7th Annual FUSE Forum, October 6
  9. 2022 ICI Securities Law Developments Conference - day 1, October 11
  10. MFDF Director Discussion Series - Open Forum (San Francisco), October 12
  11. 2022 ICI Securities Law Developments Conference - day 2, October 13
  12. MFDF In Focus: ESG Data Requirements - What Directors Need to Know, October 19
  13. 2022 MMI Annual Conference, Oct 19-21
  14. 2022 IDC Fund Directors Conference, Oct 24-26
  15. 18th annual Expect Miracles Wine & Spirits Event, October 27
  16. Buford Capital Securities Litigation Symposium, November 1
  17. IMEA All-Council Fall Summit, Nov 2-3
  18. Nicsa 2022 General Membership Meeting, Nov 2-3
  19. Tiburon CEO Summit XLIII, Nov 7-9
  20. 2022 ICI Tech Summit, Nov 8-9
  21. UCITS & AIFMD for U.S. Managers - New York, Nov 8-9
  22. 2022 MMI Distribution Leadership Forum, Nov 9-10
  23. MFDF Asset Management Industry Update and Director Governance Trends, November 10
  24. 3rd Annual ETFGI Global ETFs Insights Summit - United States, Nov 15-16
  25. 2022 MMI Alternative Investments Forum, November 16
  26. MFDF webinar - Mutual Fund CCO Compensation: The MPI Annual Survey Update, November 16

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use