Altegris Announces Senior Leadership Team Promotions

LA JOLLA, Calif., June 16, 2015 /PRNewswire/ -- Altegris, a provider of premier alternative investment strategies, announced today that Chief Investment Officer Jack Rivkin will assume the additional responsibilities of Chief Executive Officer and Vice Chairman of Altegris Advisors. In addition, Ken McGuire, Chief Operating Officer, and Matthew Osborne, Head of Marketing and Business Development, will become Co-Presidents reporting to Mr. Rivkin.

Jon Sundt, founder of Altegris, who has served as the company's Chief Executive Officer since 2002, will continue in his role as Chairman overseeing the company's corporate strategy, acquisitions and product development, and will continue to lead Altegris' distribution arm, Altegris Investments.

"Given my increasing focus on the vision and strategic direction of the business, I am pleased and honored to appoint an executive with Jack's pedigree to succeed me as CEO," said Mr. Sundt. "Jack, Ken and Matt provide a wealth of management and investment experience for Altegris. The management structure allows for a continuation of the close collaboration that characterizes their working relationship while we work together as stakeholders in the company to grow the firm and increase the value we deliver to our clients and business partners."

"The new structure will allow Altegris to remain at the forefront of innovation in our rapidly evolving industry," said Mr. Rivkin. "Our various constituencies will notice little change in our detailed approach to investing and our focus on bringing clarity to the role of alternatives in portfolios. Jon's focus on collaboration, teamwork and the best results remain core tenets of our approach to the business."

Mr. Rivkin has held a variety of senior roles in the investment industry. His managerial achievements have been featured in one of Harvard Business School's most popular case studies, "Lehman Brothers: Rise of the Equity Research Department," He began his investment career as an Analyst at Mitchell Hutchins, where he later became Director of Research. He subsequently held several executive positions with PaineWebber including CFO of PaineWebber, CEO of PaineWebber Mitchell Hutchins (PaineWebber's equity trading and investment arm), Chairman of Mitchell Hutchins Asset Management and President of PaineWebber Capital.

He later served as the Director of Global Research and Head of the Worldwide Equities Division of Lehman Brothers Inc. Following his time at Lehman Brothers, he was a Vice Chairman and Director of Global Research at Smith Barney (ultimately a subsidiary of Citigroup), and an Executive Vice President with Citigroup Investments making direct investments and leading an investment team. He was Chief Investment Officer and Head of Private Asset Management at Neuberger Berman and subsequently continued as a Trustee of the Neuberger mutual fund complex until he joined Altegris in 2013.

For additional information, including executive biographies, please visit: www.altegris.com

About Altegris
Altegris searches the world to find what we believe are the best alternative investments. Our suite of alternative investment solutions are designed for financial professionals and individuals seeking to improve portfolio diversification.

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, private equity, event-driven and others.

Veteran experts in the art and science of alternatives, Altegris guides investors through the complex and often opaque universe of alternative investing. Alternatives are in our DNA. Our very name, Altegris, highlights our singular focus on alternatives, the highest standards of integrity, and a process that constantly seeks to minimize investor risk while maximizing potential returns.

The Altegris group of affiliated companies is wholly-owned and controlled by (i) private equity funds managed by Aquiline Capital Partners LLC and its affiliates (Aquiline), and by Genstar Capital Management, LLC and its affiliates (Genstar), and (ii) certain senior management of Altegris and other affiliates. Established in 2005, Aquiline focuses its investments exclusively in the financial services industry. Established in 1988, Genstar focuses its investment efforts across a variety of industries and sectors, including financial services. The Altegris companies include Altegris Investments, Altegris Advisors, and Altegris Clearing Solutions. As of March 31, 2015, Altegris had $2.65 billion in client assets.

SOURCE Altegris