PASADENA, Calif., April 9, 2013 /PRNewswire/ -- 300 North Capital, LLC is pleased to announce the inclusion of its global macro strategy in the Altegris Macro Strategy Fund (Tickers: MCRAX, MCRNX, MCRCX, MCRIX) via portfolio investment allocations. 300 North Capital's fundamentally-based global macro strategy launched in August 2010 and has delivered compelling returns with low volatility since its inception.
"We are confident that our strategy will further the Altegris Macro Strategy Fund's mission of achieving absolute returns regardless of market direction," said Richard Campagna, CEO and CIO of 300 North Capital. "We are excited to be joining the very strong lineup of managers whose strategies are accessed by Altegris for this fund."
The discretionary 300 North Capital global macro strategy is tactically traded and the investment process combines fundamental research with systematic business cycle analysis. The investment universe is comprised of equities, commodities, fixed income and currencies—all executed through global futures contracts. The strategy was developed for a post-2008 investment environment and is designed to provide a higher level of flexibility and liquidity with an emphasis on risk management.
Altegris is a premier provider of alternative investments and is well respected industry-wide for their reputation and focus on scouting talented investment managers. As of December 31, 2012, Altegris has approximately $3.32 billion in client assets, and provides clearing services to $878 million in institutional client assets.
About 300 North Capital, LLC
300 North Capital, LLC is an independently owned, institutional investment manager based in Pasadena, California with $680 million under management as of March 2013. 300 North Capital's client base includes a distinguished list of corporations, public and Taft-Hartley funds, endowments and foundations, family offices, and high-net-worth individuals.
About The Altegris Macro Strategy Fund
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 advisor 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 December 31, 2012 it held total assets of $347 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., Northern Lights Distributors, and 300 North Capital, LLC are not affiliated.
* 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 CFTCregistered 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.
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