Altegris Macro Strategy Fund Adds Global Strategies Of 300 North Capital And Willowbridge Associates To Portfolio
Additional Strategies Enhance Fund's Potential to Generate Absolute Returns
LA JOLLA, Calif., May 20, 2013 /PRNewswire/ -- Altegris, provider of premier alternative investments, has allocated assets in its Altegris Macro Strategy Fund (Class A: MCRAX, Class C: MCRCX, Class I: MCRIX, Class N: MCRNX) to the global macro strategies of 300 North Capital, LLC and Willowbridge Associates Inc.
The Altegris Macro Strategy Fund seeks to generate absolute returns from income and capital appreciation regardless of market direction. In keeping with Altegris' mission to search the world to find best-of-breed* alternative investment managers for clients, this actively managed mutual fund attempts to reach its investment objective primarily through exposure to global macro strategies targeting the commodity and financial futures markets and other global financial markets.
"Exposure to 300 North Capital and Willowbridge Associates will further enable the Altegris Macro Strategy Fund to seek absolute returns for investors in all market conditions," said Jon Sundt, President and CEO of Altegris. "At a time when many investors are looking to obtain more exposure to macro and other alternative strategies, Altegris' thorough research and investment processes make it easier for investors to achieve potential diversification with lower correlation to their core equity portfolio."
Pasadena, California-based 300 North Capital, an independently owned, institutional investment manager with over $700 million under management as of March 2013, launched its discretionary global macro strategy in August 2010 to provide more flexibility and liquidity in the post-2008 investment environment. The tactically traded strategy emphasizes risk management and combines systematic business cycle analysis with fundamental research, and has generated compelling returns with low volatility since its inception. The strategy invests in global equities, commodities, currencies, and fixed income – all executed through global futures contracts. The strategy takes long and short positions across these asset classes and has historically maintained an equity bias.
Plainsboro, New Jersey-based Willowbridge, a commodity trading advisor which was established in 1988 and oversaw $1.7 billion in nominal client and proprietary assets under management as of March 2013, combines two different investment approaches to create its global macro portfolio. These approaches utilize trades on one hand that have momentum and strong technicals and on the other hand that can be entered at a good value relative to the market and are backed by strong fundamental data. After the portfolio managers discuss their separate perspectives, only those investments that are agreed-upon are added to their global macro portfolio. The managers reduce or exit a position when one believes it to be too risky or may potentially generate diminished returns.
"Like all of our funds, the Altegris Macro Strategy Fund is composed of a variety of what we believe to be proven strategies within a single, actively managed fund," said Mr. Sundt. "Our singular focus on alternatives uniquely positions us to act as a 'talent scout' for alternative managers and offer competitive and highly regarded strategies from across the spectrum of asset classes to advisors and investors."
Past performance is no guarantee of future results. 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, currency fluctuations, derivatives risk, income 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. Diversification does not ensure profit, nor protect against loss in any market. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses.
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 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, Northern Lights Distributors, 300 North Capital, LLC, and Willowbridge Associates are not affiliated.
*Altegris defines "best of breed" as managers which in our opinion have demonstrated success in terms of sustained investment edge, effective risk management processes and established operational infrastructure.
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 alternative investments, 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. As 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 Companies, wholly owned subsidiaries of Genworth Financial, Inc., include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. Altegris currently has approximately $3.24 billion in client assets, and provides clearing services to $843 million in institutional client assets, as of March 31, 2013.
Altegris Advisors is a CFTC-registered commodity pool operator, commodity trading advisor, NFA member, and SEC-registered investment adviser that advises alternative strategy mutual funds that may pursue investment returns through a combination of managed futures, equities, fixed income and/or other investment strategies.
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 5,850 employees and operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments and the wealth management business presented as discontinued operations. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. 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.
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