Saturday, 18 April 2015
Last updated 19 hours ago
May 23 2012 | 11:44am ET
Altegris Advisors has launched a mutual fund of hedge fund managers, offering retail investors access to a long/short equity strategy.
The new Altegris Equity Long Short Fund "seeks to meet the growing demand for accessible and trusted alternative investments by leveraging our history in alternative investments," CEO Jon Sundt said. The new fund features "premier" long/short managers with proprietary sub-strategies including diversified, financials and small-caps.
"We believe many long/short funds are managed by long-only managers who've only recently started shorting," Sundt said. "We were methodical in our preparation for launching this Fund. We launched this Fund only after we had identified and selected what in our opinion are best of breed managers with verifiable long and short strategy track records. The managers employed by the Altegris Equity Long Short Fund have experience short selling selected stocks, as opposed to simply hedging via broad market indices."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…