Saturday, 18 April 2015
Last updated 19 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.”
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…