Tuesday, 23 September 2014
Last updated 3 hours ago
Oct 25 2013 | 12:10pm ET
Altegris has launched a multi-manager, alternative strategy mutual fund with Stamford, Conn.-based RockView Management and New York-based Premium Point Investments as sub-advisors.
The Altegris Fixed Income Long Short Fund, with $55.6 million in assets under management, will seek to achieve total return through a combination of capital appreciation and current income. Its strategy entails investing in long and short positions in a wide variety of fixed-income opportunities, including high-yield corporate bonds, convertibles, mortgage-backed securities as well as sovereign debt positions. The fund is not tied to a benchmark.
RockView is a high-yield and convertible corporate credit hedge fund manager with more than 20 years of hedging experience while Premium Point, an institutional asset manager founded in June 2008, engages in fundamental credit investing and relative-value trading in the mortgage markets.
“Many U.S. fixed-income investors are heavily invested in long-only strategies, but recent volatility in the bond markets has been a wake-up call for investors susceptible to interest rate movements,” said Jon Sundt, president and CEO of Altegris, in a statement. “The Altegris Fixed Income Long Short Fund provides investors seeking fixed income diversification with a flexible, actively managed strategy with the potential for improving overall risk-adjusted returns regardless of interest-rate directionality.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.