ALTEGRIS ADVISORS LAUNCHES MACRO STRATEGY FUND

New mutual fund offers investors access to the Global Macro approach.

LA JOLLA, CA -- July 11, 2011 -- Altegris Advisors (altegrismutualfunds.com) is pleased to announce the launch of the Altegris Macro Strategy Fund (Tickers: Class A, MCRAX; Class I, MCRIX; Class N, MCRNX). The Fund offers simple, convenient access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund.

Of all the investment strategies, global macro stands alone as the most flexible and opportunistic. Global macro managers assume that somewhere in the world, there's an opportunity," said Jon Sundt, President and CEO of Altegris and a Co-Portfolio Manager of the Fund. "The Altegris Macro Strategy Fund allows investors to participate in what we believe is an ultimate "go anywhere" macro approach to investing through the traditional format of a mutual fund, with low minimum investment requirements.

Between January 1997 and March 2011, global macro as a category has experienced significantly lower volatility as measured by the Barclay Global Macro Index (6% on an annualized basis) when compared to the S&P 500 Index (16.5% annualized). In addition, over this same period, the global macro category achieved +9.7% annualized return, as represented by the Barclay Global Macro Index, compared with the S&P 500 Total Return Index's +6% annualized return. Of course, past performance of any asset class or strategy is not necessarily indicative of future performance.

The Altegris Macro Strategy Fund seeks to achieve positive absolute returns in rising and falling markets by allocating its assets between global macro strategies and a fixed-income strategy. Global macro strategies include investment styles such as discretionary, fundamentals-based investing with a focus on macroeconomic analysis; dedicated currency investing that pursues both fundamental and technical trading approaches; systematic trading strategies that incorporate technical and fundamental macroeconomic variables; and other specialized approaches to market sectors such as equities, interest rates, metals, agricultural and soft commodities.

The Fund's fixed-income strategy is designed to generate interest income and capital appreciation to diversify the returns under the global macro strategies. It invests in a variety of investment grade fixed-income securities.

Key features of the Fund include:

Actively managed, dynamic portfolio -- not a passive index fund

Daily liquidity

Low minimum investment „

No investor pre-qualifications

1099 tax reporting

Individual Class A (MCRAX), Class N (MCRNX) and Institutional Class I (MCRIX)

"Our new Fund reflects the Altegris commitment to bringing, what we believe, are the best alternative investment options to investors," Mr. Sundt said. "We look forward to continuing to develop premier alternative solutions designed to offer portfolio diversification and historically low-correlated investments."

About Altegris Advisors

Altegris Advisors LLC is an SEC-registered investment adviser that advises alternative strategy mutual funds that may pursue investment returns through a combination of managed futures, equities, fixed income and/or other investment strategies.


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