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Oct 31 2012 | 9:59am ET
Altegris Advisors is offering investors access to one of Europe's biggest hedge funds via a mutual fund.
The Altegris Macro Strategy Fund provides access to the Brevan Howard Emerging Markets Local Fixed Income fund.
Jon Sundt, Altegris president and CEO, says the vehicle represents the first time a Brevan Howard strategy has been made available through a mutual fund portfolio.
Brevan Howard, with $36 billion in assets under management as of the end of Q2 2012, is the second-largest hedge fund provider in Europe. The Brevan Howard Emerging Markets Local Fixed Income strategy is an actively managed liquid strategy that seeks exposure to fixed income returns primarily in global emerging markets in the Asia and Pacific region, Africa, Eastern Europe (including Russia) and Latin America. The strategy takes actively managed exposures to fixed income securities and currencies and predominantly invests in government bond and financial derivative instruments referencing interest rates and currencies.
The Altegris Macro Strategy Fund employs two principal strategies—global macro and fixed income—and relies on investment adviser asset allocation and investment skill to allocate among global macro strategies that predominantly use fundamental macroeconomic data in a discretionary or systematic investment style with a bias toward foreign exchange.
As of September 30, 2012 it had AUM of $393.6 million.
Altegris Advisors is, along with Altegris Investments, Altegris Funds and Altegris Clearing Solutions, a wholly owned subsidiary fo Genworth Financial. Altegris currently has approximately $3.47 billion in client assets, and provides clearing services to $941 million in institutional client assets.
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