LA JOLLA, Calif., April 24, 2012 /PRNewswire/ -- Altegris has announced that it will launch a new "R" share class on May 1 designed exclusively for registered investment advisors (RIAs) seeking to invest in high-quality private placement hedge funds to add diversification to their clients' portfolios.
"The launch of these "R" shares underscores our continuing commitment to serve as the premier provider of alternative investments to the registered investment advisor community," said Jon Sundt, President and Chief Executive Officer of Altegris. "As of May 1, we are introducing the "R" share class to four of our private placement funds. This is the first of several launches that we plan to make over the next few months."
For more than a decade, Altegris has had a singular focus – to scour the globe for investment opportunities and seek out best-of-breed alternative investment managers. The firm's open architecture suite of private funds, actively managed mutual funds and futures managed accounts provides an efficient solution for financial professionals and high-net-worth individuals seeking to mitigate risk through improved portfolio diversification. Altegris offers access to leading global alternative investment managers through a variety of product structures and strives to help RIAs overcome the obstacles traditionally associated with incorporating alternatives into their practices.
"Altegris developed the special "R" share class in response to demand from many of our RIA clients," noted Dick Pfister, Global Head of Sales and Consulting for Altegris. "As our firm has grown to more than $3 billion in assets, we have been able to realize economies of scale and deliver these benefits directly to the RIA community. The "R" shares will have a general partner fee of 0.50% per annum." Participation is limited to clients of RIAs in our RIA Referral Program, who qualify and are suitable for investment in an Altegris private placement hedge fund, and additionally meet the requirements of the "R" share class specific to each fund.
In addition to this new feature, Altegris continues to offer other benefits to the advisor community including a multi-product subscription document, DST and DTCC reporting feeds where applicable, up-to-date manager profiles and industry-leading service providers.
Altegris searches the world to find what we believe are the best alternative investments. Our suite of private funds, actively managed mutual funds and futures 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 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 $3.27 billion in client assets, and provides clearing services to $327 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