This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Altegris Macro Strategy Fund Adds Global Strategies Of 300 North Capital And Willowbridge Associates To Portfolio

LA JOLLA, Calif., May 20, 2013 /PRNewswire/ --  Altegris, provider of premier alternative investments, has allocated assets in its Altegris Macro Strategy Fund (Class A: MCRAX, Class C: MCRCX, Class I: MCRIX, Class N: MCRNX) to the global macro strategies of 300 North Capital, LLC and Willowbridge Associates Inc.

(Logo: http://photos.prnewswire.com/prnh/20130502/NY06733LOGO)

The Altegris Macro Strategy Fund seeks to generate absolute returns from income and capital appreciation regardless of market direction. In keeping with Altegris' mission to search the world to find best-of-breed* alternative investment managers for clients, this actively managed mutual fund attempts to reach its investment objective primarily through exposure to global macro strategies targeting the commodity and financial futures markets and other global financial markets.

"Exposure to 300 North Capital and Willowbridge Associates will further enable the Altegris Macro Strategy Fund to seek absolute returns for investors in all market conditions," said Jon Sundt, President and CEO of Altegris. "At a time when many investors are looking to obtain more exposure to macro and other alternative strategies, Altegris' thorough research and investment processes make it easier for investors to achieve potential diversification with lower correlation to their core equity portfolio."

Pasadena, California-based 300 North Capital, an independently owned, institutional investment manager with over $700 million under management as of March 2013, launched its discretionary global macro strategy in August 2010 to provide more flexibility and liquidity in the post-2008 investment environment. The tactically traded strategy emphasizes risk management and combines systematic business cycle analysis with fundamental research, and has generated compelling returns with low volatility since its inception. The strategy invests in global equities, commodities, currencies, and fixed income – all executed through global futures contracts.  The strategy takes long and short positions across these asset classes and has historically maintained an equity bias.

Plainsboro, New Jersey-based Willowbridge, a commodity trading advisor which was established in 1988 and oversaw $1.7 billion in nominal client and proprietary assets under management as of March 2013, combines two different investment approaches to create its global macro portfolio. These approaches utilize trades on one hand that have momentum and strong technicals and on the other hand that can be entered at a good value relative to the market and are backed by strong fundamental data. After the portfolio managers discuss their separate perspectives, only those investments that are agreed-upon are added to their global macro portfolio. The managers reduce or exit a position when one believes it to be too risky or may potentially generate diminished returns.   

"Like all of our funds, the Altegris Macro Strategy Fund is composed of a variety of what we believe to be proven strategies within a single, actively managed fund," said Mr. Sundt. "Our singular focus on alternatives uniquely positions us to act as a 'talent scout' for alternative managers and offer competitive and highly regarded strategies from across the spectrum of asset classes to advisors and investors."

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs