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

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

Rating:Who Will Buy This $2B Liquid Alts Shop? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 31, 2016

Who Will Buy This $2B Liquid Alts Shop?

Reported by Neil Anderson, Managing Editor

Word on the street is that Altegris [profile] is on the block.

The La Jolla, California-based liquid alternative mutual fund shop is for sale, a source familiar with the situation tells MFWire. The deal talk comes three years after private equity firms Aquiline Capital Partners and Genstar Capital bought Altegris and what is now AssetMark from Genworth for a combined $412.5 million.

Marty Beaulieu (executive chairman at Altegris) Rich Rosenbaum (partner at Aquiline), and Tony Salewski (managing director at Genstar) did not return calls for comment for this story. Spokespeople for Altegris and Genstar both declined to comment, and a spokesman for Aquiline was not able to comment.

Altegris has about $2.18 billion in AUM, per its most recent form ADV filed with the SEC on June 30, 2016. Altegris lists mutual funds as accounting for up to 75 percent of its AUM and between 26 and percent percent of its clients. The Altegris leadership team includes Beaulieu, CEO and chief investment strategist Jack Rivkin, president and chief operating officer Ken McGuire, and founder and chief investment officer Matt Osborne.

Asset manager deal pricing usually falls between one percent and three percent of AUM. So, expect the price tag for Altegris to fall between $21.8 million and $65.4 million. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
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

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use