Altegris Launches Global Macro Mutual Fund

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.


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