Altegris President and CEO Named as Rising Star of Mutual Funds

LA JOLLA, Calif., March 24, 2011 /PRNewswire/ -- The Altegris Companies, providers of premier alternative investments, are pleased to announce that President, CEO, and Founder Jon Sundt has been named one of Institutional Investor News' Rising Stars of Mutual Funds. Mr. Sundt will be honored at the 18th Annual Mutual Fund Industry Awards Dinner, being held April 7th at the Mandarin Oriental in New York.

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"I am thrilled to receive this recognition from Institutional Investor," Mr. Sundt said. "At Altegris, our focus is on providing investment professionals and their sophisticated clients with premier alternative investments and we have been able to continue that mission by now offering access to alternatives through mutual funds."

Altegris Advisors, the investment advisor affiliated with the Altegris group of companies, successfully launched the Altegris Managed Futures Strategy Fund, one of the first actively managed, managed futures mutual funds several months ago. Managed futures have become increasingly popular due to their historical non-correlation with equities and other traditional asset classes.

"Demand for alternatives continues to increase. We are committed to providing advisors with access to preeminent alternative investment managers and empowering them to make intelligent and informed investment choices," Mr. Sundt said.

Winners of the Rising Star awards were chosen by the publishers of Institutional Investor News and represent up-and-comers whose accomplishments in and contributions to the mutual fund industry make them stand out among their peers and position them as future industry leaders. Award winners were selected for demonstrated leadership in portfolio returns and winning strategies, notable contributions to growth in assets and client base, formal recognition by their firm and industry groups, active contributions to the broader mutual fund community and other contributions to their firm and industry.

Please contact Jaime Doyle 973-400-1341 or [email protected], or Andrea Trachtenberg at 800-828-5225 or [email protected] for more information.

About The Altegris Companies

The Altegris Companies, wholly owned by Genworth Financial, Inc. (NYSE: GNW), include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. Altegris currently has approximately $2.1 billion in client assets, and provides clearing services to $800 million in institutional client assets.

Altegris has one core mission—to find the best alternative investments for our clients. Altegris offers what we believe are straightforward and efficient solutions for financial professionals and individual investors seeking to improve portfolio diversification with historically low correlated investments.

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 the spectrum of hedge funds, managed futures funds, and other alternative investments. 

* The Altegris Companies are wholly owned subsidiaries of Genworth Financial, Inc., and include: (1) Altegris Advisors, LLC, an SECregistered 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 California registered investment adviser; and (4) Altegris Clearing Solutions, LLC, a CFTC-registered futures introducing broker and commodity trading advisor and NFA member.  The Altegris Companies 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 fee revenue, and/or advisory consulting fees. Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, and retirement and lifestyle needs of more than 15 million customers.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Altegris Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (877) 772-5838. The Prospectus should be read carefully before investing. The Altegris Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA. Altegris Advisors, Rodney Square Management, and Northern Lights Distributors are not affiliated.

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.

0552-NLD-3/17/2011

SOURCE The Altegris Companies