Wednesday, 29 July 2015
Last updated 13 hours ago
Jul 11 2011 | 3:09pm ET
La Jolla, Calif.-based Altegris is launching a new mutual fund, the Altegris Macro Strategy fund.
As its name implies, the new fund will employ a global macro strategy, allowing its manager to “profit from the impact of macroeconomic developments on global financial markets.”
Altegris says it has assembled a stable of managers—both discretionary and systematic—to “actively manage” a “dynamic portfolio.”
The fund will give investors access to a number of global macro investment managers including Denali Asset Management, which employs a short-term discretionary strategy; Krom River Investment Management, a 100% discretionary commodity trading strategy; and Ortus Capital Management and P/E Investments, both of which pursue fundamentally-based systemic approaches to global currency markets.
The fund will offer three share classes—Class A, Class I and Class N—carrying minimum investments of $2,500; $1 million; and $5,000, respectively.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…