LA JOLLA, Calif., Oct. 31, 2012 /PRNewswire/ -- Altegris Advisors (altegris.com), provider of premier alternative investments, has announced a new allocation that accesses the Brevan Howard Emerging Markets Local Fixed Income strategy in the Altegris Macro Strategy Fund (Tickers: MCRAX, MCRNX, MCRCX, MCRIX).
"This is the first time that a Brevan Howard strategy is available in a mutual fund portfolio," said Altegris' President and Chief Executive Officer Jon Sundt. "Accessing this well-respected firm's Emerging Markets Local Fixed Income strategy in the Altegris Macro Strategy Fund reinforces our mission of bringing what we believe are the best alternative investment strategies to our clients through mutual funds."
With more than $36 billion in assets at the end of 2012's second quarter, Brevan Howard is the second largest hedge fund provider in Europe. The Brevan Howard Emerging Markets Local Fixed Income strategy is an actively managed liquid strategy that seeks exposure to fixed income returns primarily in global emerging markets in the Asia and Pacific region, Africa, Eastern Europe (including Russia) and Latin America. The strategy takes actively managed exposures to fixed income securities and currencies and predominantly invests in government bond and financial derivative instruments referencing interest rates and currencies.
The Altegris Macro Strategy Fund seeks to achieve absolute returns from income and capital appreciation regardless of the direction of the securities market by utilizing two principal strategies: global macro and fixed income. The Fund relies on investment adviser asset allocation and investment skill to allocate among global macro strategies that predominantly use fundamental macroeconomic data in a discretionary or systematic investment style with a bias toward foreign exchange. As of September 30, 2012 it held total assets of $393.6 million.
It is important to note that mutual fund investing involves risk, including the possible loss of principal. An investment in the Altegris Macro Strategy fund is subject to various risks including commodity risk, credit risk, derivatives risk, income risk, foreign currency risk, foreign investment risk, leverage risk, liquidity risk, market risk, non-diversification risk, regulatory risk, short position risk, taxation risk, and the higher expenses associated with underlying pools. Past performance is no guarantee of future results.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Macro Strategy Fund. This and other important information is contained within the individual Fund's Prospectus, which can be obtained by calling (888)524-9441. The Fund Prospectus should be read carefully before investing. The Altegris Macro Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA. Altegris Advisors, J.P. Morgan Investment Management Inc., and Northern Lights Distributors are not affiliated.
About Altegris Advisors
Altegris searches the world to find what we believe are the best alternative investments. Our suite of private funds, mutual funds and managed accounts provides an efficient solution 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, event-driven and others.
Veteran experts in the art and science of alternatives, Altegris guide 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 Companies,* wholly owned subsidiaries of Genworth Financial, Inc., include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. Altegris currently has approximately $3.47 billion in client assets, and provides clearing services to $941 million in institutional client assets.
* Altegris and its affiliates are subsidiaries of Genworth Financial, Inc. and are affiliated with Genworth Financial Wealth Management, Inc., and include: (1) Altegris Advisors, L.L.C., an SEC-registered investment adviser; (2) Altegris Investments, Inc., an SEC-registered broker-dealer and FINRA member; (3) Altegris Portfolio Management, Inc. (dba Altegris Funds), a CFTC-registered commodity pool operator, NFA member and SEC-registered investment adviser; and (4) Altegris Clearing Solutions, L.L.C., a CFTC-registered futures introducing broker and commodity trading advisor and NFA member. The Altegris Companies and their affiliates have a financial interest in the products they sponsor, advise and/or recommend, as applicable. Depending on the investment, the Altegris Companies and their affiliates and employees may receive sales commissions, a portion of management or incentive fees, investment advisory fees, 12b-1 fees or similar payment for distribution, a portion of commodity futures trading commissions, margin interest and other futures-related charges, fee revenue, and/or advisory consulting fees.
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement—including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management—and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital. Genworth has approximately 6,400 employees and operates through three divisions: Insurance and Wealth Management, which includes U.S. Life Insurance, Wealth Management, and International Protection segments; Mortgage Insurance, which includes U.S. and International Mortgage Insurance segments; and the Corporate and Runoff division. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com. From time to time, Genworth Financial, Inc. releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.
Contact: Jami Schlicher