Altegris managed futures strategy fund tops 1 billion in aum10.26.2011
Adds Lynx Asset Management to Manager Line-Up
Altegris Advisors (altegrismutualfunds.com) is pleased to announce that the Altegris Managed Futures Strategy Fund (MFTAX, MFTCX, MFTIX) has exceeded $1 billion in assets.
The Fund is one of the earliest actively-managed managed futures mutual funds brought to market. It offers financial professionals and individual investors exposure to the managed futures asset class, which has experienced sustained profitability during recent crisis periods.
Furthermore, during the “Credit Crisis” from October 2007 to February 2009, the managed futures asset class as represented by the Altegris 40 Index generated double-digit returns while the stock market, as represented by the S&P 500 Total Return Index, lost approximately half of its value. The asset class demonstrated resilience again this summer during what Altegris believes was a “mini summer crisis” in the stock market. Of course, past performance and diversification are not indicative of future results.†
“Reaching the $1 billion mark in little more than a year affirms our belief that there’s a growing demand for accessible alternative investments,” said Jon Sundt, Altegris President, CEO and a Co-Portfolio Manager of the Fund. “In my opinion, reaching this milestone further confirms the attractiveness of the potential alternatives, as reflected in our rapidly expanding suite of alternative mutual funds, including the Altegris Managed Futures Strategy and Altegris Macro Strategy Funds (MCRAX, MCRIX, MCRNX.)† Our mission is to find what we believe are the best alternative investment managers in the world and bring them to our clients through mutual funds, private funds and managed accounts.”
“Although past performance is no guarantee of future results, we believe managed futures are a core long-term strategy that has historically proven itself as an important portfolio diversifier” added Allen Cheng, SVP and Chief Investment Officer.
The growth of the Altegris Managed Futures Strategy Fund has allowed the Fund to continue to access world class managed futures managers including Winton Capital Management, Quantitative Investment Management and most recently, Lynx Asset Management. Based in Stockholm, Sweden, Lynx has approximately $5.7 billion USD under management. Lynx is a prominent trend-following manager that blends four distinct sub-groups of models across multiple time frames, ranging from short-to-long-term outlooks. With a decade of experience, Lynx’s enhanced diversification program historically has produced uncorrelated returns during years when trends were less prevalent, such as 2005, 2006 and 2009.
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