Aquiline and GenStar are no longer selling Altegris, and instead have decided to double down.

In April 2013 the private equity firms Aquiline Capital Partners and Genstar Capital bought Altegris, and last year MFWire reported that the California-based liquid alts mutual fund was up for sale.

Now Martin Beaulieu, CEO and executive chairman of Altegris, tells MFWire “After a thorough review and assessment of Altegris’ opportunities in the alternatives category, Aquiline and GenStar have elected to strengthen their commitment to Altegris through senior level hiring, investments in technology and client acquisition and servicing capabilities.”

The most recent hirings, revealed revealed July 13, include three senior executives: Robert Naka, chief operating officer; Leah Curtis, director of marketing; and Preeti Malik, head of strategy. Naka replaced Ken McGuire, while Curtis and Malik are filling new roles. 

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