Altegris Advisors has launched the Altegris Futures Evolution Strategy Fund, which combines active management of what Altegris describes as ‘leading managed futures managers’, with an active fixed income approach.
"Traditionally the typical managed future fund allocates a large percentage of its assets to highly liquid, short-term, high-quality securities. Given today’s low interest rate environment, we believe it is an opportune time to introduce an alternative fixed income approach in combination with a focused managed futures strategy," says Jon Sundt, President and CEO of Altegris. "The Altegris Futures Evolution Strategy Fund utilises actively managed fixed income strategies, sub-advised by an industry-leading expert, DoubleLine Capital LP."
DoubleLine Capital LP is led by portfolio manager Jeffrey Gundlach. Altegris will collaborate with Gundlach and his investment team to determine allocations to various DoubleLine sub-strategies including Core, Low Duration, and Opportunistic Income.
The managed futures strategy will primarily access Winton Capital Management, a trend-following manager led by David Harding. In addition, Altegris will access a manager with a 10+ year track record and established pedigree — International Standard Asset Management (ISAM). ISAM’s trend-following strategy is overseen by Stanley Fink and Larry Hite. Additional managers may be also be accessed in the future.
"Managed futures have historically withstood a number of major market scenarios and seen significant gains compared to US stocks during the last decade," says Sundt. "We are very excited about the Altegris Futures Evolution Strategy Fund which provides investors with the opportunity to potentially get more from their investment dollars through actively managed futures and active fixed income management in a single Fund.”
