LA JOLLA, Calif., March 24, 2017 /PRNewswire/ -- Altegris Advisors, a premier provider of alternative investments, announced today that the Altegris Futures Evolution Strategy Fund was recognized by the 2017 Thomson Reuters Lipper Fund Awards as the Best Alternative Managed Futures Fund for the three- and five- year performance of the Fund's I share class (Ticker: EVOIX).
"We are thrilled to be recognized by Lipper for our Fund's outstanding track record and performance," said Matt Osborne, CIO of Altegris and Portfolio Manager of the Altegris Futures Evolution Strategy Fund. "This achievement is a testament to our portfolio management team's ability to identify and deliver the right blend of fixed income and futures strategies to achieve diversification across market cycles."
The Altegris Futures Evolution Strategy Fund seeks to address evolving market conditions brought on by sharp movements in currencies, commodities and interest rates by accessing returns from a group of leading investment managers in futures and fixed income, including Winton Capital Management, ISAM and DoubleLine Capital.
This award comes on the heels of several achievements by the Altegris Futures Evolution Strategy Fund. Last month, the Fund was named Best Managed Futures Mutual Fund by the 2017 CTA Intelligence US Performance Awards. The Fund celebrated the five-year anniversary of the fund in October, and Class I currently maintains its five-star overall rating with Morningstar as of February 28, 2017. "These accolades underscore the important role that managed futures can play in an investment portfolio," said Martin Beaulieu, CEO and Executive Chairman of Altegris. "We look forward to continuing to work with our clients to capture and deliver unique opportunities to generate returns across varying market cycles."
A pioneer of managed futures strategies, Altegris launched one of the first actively managed, managed futures mutual funds in 2010. The Altegris team collectively represents over 60 years of experience in the industry, including deep experience in the sourcing and evaluation of managed futures investment managers and individual programs.
About the Altegris Futures Evolution Fund
The Altegris Futures Evolution Strategy Fund, an actively managed mutual fund, seeks to achieve long-term capital appreciation primarily through investments that capture returns related to trends in the commodity and financial futures markets, as well as through active fixed income management. The Fund aims to achieve its goal by accessing returns of a concentrated group of trend-following managed futures investment managers as well as through an allocation of Fund assets to a fixed income strategy subadviser.
About the Thomson Reuters Lipper Fund Awards
The Thomson Reuters Lipper Fund Awards recognize funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. The awards honor funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers, based on Lipper's proprietary performance-based methodology.
Altegris is an investment research firm, with deep expertise in alternative manager selection, structuring unique solutions, and providing portfolio management and oversight. Beginning with an analysis of the current and anticipated investment environment, our solutions are based on themes that we believe solve the most important client needs. For more information about the Altegris family of alternative strategies, visit Altegris.com.
For delivering strong, consistent, risk-adjusted performance, Lipper recognizes the Altegris Futures Evolution Strategy Fund Class I shares as the 2017 Best Alternative Managed Futures Fund for the 3-year period among 76 alternative managed futures funds and for the 5-year period among 35 alternative managed futures funds.
To be considered for a Lipper fund award in the US, funds must have at least 36 months of performance history and must be classified in a peer group with at least 10 distinct portfolios as of the end of the respective evaluation year. The highest Lipper Leader for Consistent Return value within each eligible classification determines the fund classification winner over three, five, or ten years.
Classification averages are calculated with all eligible share classes for each eligible classification. The calculate periods extend over 36, 60, and 120 months. The total number of funds in a Lipper award classification may include multiple share classes of a single fund. Other share classes may have different performance and expense characteristics. For a detailed explanation of the process, please review the Lipper Fund Awards methodology (US) at lipperfundawards.com.
Past performance is no guarantee of future results. Funds considered in the Lipper Awards may have experienced negative returns during or since the rating period. Mutual fund investing involves risks including the possible loss of principal and alternative strategies may not be suitable for everyone. Diversification does not ensure profit or protect against loss in a positive or declining market.
CTA Intelligence Performance Awards are based on entries received from CTAs. Eligible CTAs must have management/advisory company or team based in USA or Canada, must trade/invest at least 75% of portfolio over the last three years in their respective strategy, must have at least $10 million in assets under management, and have a track record of at least 3 years ended 9/30/2015. Award winners are based on performance, qualitative information and structural criteria for the respective category.
For the period ended February 28, 2017, Morningstar rated this Fund's Class I shares for the overall and three-year period. Class I received 5 stars for the overall and 3-year periods, respectively, among 105 Managed Futures Funds rated by Morningstar Performance reflects applicable fee waivers and reimbursements without which, the returns would be reduced and ratings could be lower. The Fund may have experienced negative returns over the time periods rated. Note, there are other share classes with higher fee structures and performance that may have different Morningstar ratings.
MORNINGSTAR RATING™ For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receives 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star (each share class is counted as a fraction of one fund and rated separately). ©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Futures Evolution Strategy Fund. This and other important information about a Fund is contained in the Fund's Prospectus, which can be obtained by calling (888) 524-9441. The Prospectus should be read carefully before investing.
Funds are distributed by Northern Lights Distributors, LLC. Altegris Advisors and Northern Lights Distributors, LLC are not affiliated.
MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.
The value of fixed income securities, including preferred stock, will typically fall when interest rates rise. Additionally, fixed income securities are subject to credit risk, which refers to an issuer's ability to make interest and principal payments when due, and risk of default. Asset or mortgage-backed securities are subject to prepayment risk. Below investment grade and lower quality high yield or junk bonds present heightened credit risk, liquidity risk, and potential for default. Investing in defaulted or distressed securities is considered speculative. REITs are subject to market, sector and interest rate risk.
Investing in commodity futures markets subjects the Fund to volatility as commodity futures prices are influenced by unfavorable weather, geologic and environmental factors, regulatory changes and restrictions. Trading on foreign exchanges and foreign investments including exposure to foreign currencies, involve risks not typically associated with U.S. investments, including fluctuations in foreign currency values, adverse social and economic developments, less liquidity, greater volatility, less developed or inefficient trading markets, political instability and differing auditing and legal standards. These risks are magnified in emerging markets.
The use of derivatives such as futures, swaps, structured notes, and options contracts expose the Fund to additional risks such as leverage risk, tracking risk and counterparty default risk that it may not be subject to if it invested directly in the underlying securities. Although futures contracts are generally liquid, under certain market conditions there may not always be a liquid secondary market. Option positions held may expire worthless and cause a loss. Managed futures programs accessed by the Fund may be traded with additional leverage. The use of leverage can increase share price volatility and magnify gains or losses, as well as cause the Fund to incur additional expenses.
The Fund may engage in short selling and short position derivative activities which are considered speculative and involve significant financial risk. Short positions profit from a decline in price so the Fund may incur a loss on a short position if the price increases. The potential for loss in shorting is unlimited. Shorting may also result in higher transaction costs which reduce return. Investing in commodities through a controlled foreign corporation Subsidiary involves taxation and regulatory risk. Where applicable, income received from commodities-related investments will be passed through to the Fund as ordinary income, which may be taxed at less favorable rates than capital gains. Changes in applicable foreign and domestic laws could result in the inability of the Fund and/or Subsidiary to operate.
Underlying Pools in which the Subsidiary invests will pay management fees, commissions, operating expenses and performance based fees to each manager it retains. As a result, the cost of investing in the Fund may be higher than a mutual fund that invests directly in securities. There is no guarantee that any of the trading strategies used by the managers retained will be successful. The adviser's judgments about the investment expertise of each manager accessed may prove to be inaccurate and may not produce the desired results.
Altegris Advisors LLC is a CFTC-registered commodity pool operator, commodity trading advisor, NFA member, and SEC-registered investment adviser that sponsors and/or manages a platform of alternative investment products.
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.
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