Altegris Completes Acquisition To Enter Next Phase Of Growth

LA JOLLA, Calif., Sept. 3, 2013 /PRNewswire/ -- Altegris, the provider of premier alternative investments, announced the completion of its acquisition by private equity firms Aquiline Capital Partners LLC ("Aquiline") and Genstar Capital Management, LLC ("Genstar").

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This ownership transition comes at an exciting time for Altegris as the firm continues its long term growth driven by the increased adoption of its liquid alternative products by financial intermediaries and the continued expansion of its platform of hedge fund and commodity pool offerings.

"We look forward to a new phase in Altegris' evolution with our top executive team remaining deeply committed to our clients and continuing to deliver the best investment solutions focused on leading managers in the alternatives space," said Jon Sundt, President and CEO of Altegris. "We appreciate that our new strategic partners recognize the strength of the firm's operations and our pursuit of opportunities to enhance product development, expand distribution capabilities and launch new alternative investment products."

As part of this strategic partnership, Altegris' senior management invested alongside Aquiline and Genstar, which both have extensive backgrounds in financial services and building leading companies within the industry.

Since Altegris launched one of the first actively managed, managed futures mutual funds in 2010, the firm has attracted more than $1.6 billion into a family of six liquid alternative mutual funds, including managed futures, global macro, equity long short, fixed income long short and multi-alternative strategies.  In that same time period more than 6,500 intermediary representatives have adopted the Altegris family of mutual funds by opening approximately 145,000 investor accounts.  Altegris has over 110 investment professionals on staff and, as of June 30, 2013, had over $3 billion in client assets, and provided clearing services to $752 million in institutional client assets.  

Please contact Dana Taormina at 973-850-7305 or [email protected] for more information.

About Altegris
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 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 has over $4 billion of assets under management and focuses its investment efforts across a variety of industries and sectors, including financial services.   The Altegris companies include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions.  As of June 30, 2013, Altegris had over $3 billion in client assets, and provided clearing services to $752 million in institutional client assets.   

CONTACT:
Dana Taormina
Jennifer Connelly Public Relations
973-850-7305
[email protected]

SOURCE Altegris Investments