Altegris Advisors has launched the Altegris Managed Futures Strategy Fundfor investors to participate in managed futures with an actively managed mutual fund, the La Jolla, CA-based firm announced Tuesday, September 14.
Managed futures have gained 122% over the last decade, while U.S. stocks have lost 17% during the same period, according to an Altegris news release.
The Managed Futures Strategy Fund's goal is to achieve absolute returns in rising and falling equity markets but with less volatility than major equity markets. The fund's strategy is designed to capture returns on commodities trends and financial futures markets by securities whose returns stem from actively managed portfolios.
Additionally, the fund will feature access to experienced managed futures investment managers, and actively managed portfolio, daily liquidity, low minimum investment, no investor pre-qualifications, 1099 tax reporting, and individual (Class A) and Institutional (Class I) share classes:MFTAX and MFTIX.
"Managed Futures have a sustained historical track record throughout a number of major market scenarios," said Jon Sundt, president and CEO of Altegris Advisors and a co-portfolio manager of the fund, in a statement. "Until recently, the handful of managed futures mutual funds available to investors were primarily passive 'set-and-forget' index based products. The 'best-of-breed' investment managers were typically restricted to investors with high minimum net worth requirements."