MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, November 15, 2013 Altegris Shifts to High Gear This is what it looks like when a fund firm revs up its product engine. Fresh from the October launch of its Altegris Fixed Income Long Short Fund (FXDIX), the La Jolla, Calif.-based alternatives fund manager Altegris aims to launch one fund in the first quarter of 2014 and anticipates launching two other funds by the end of 2014. The new products include a real estate-focused fund that is already under registration with the SEC, and at least two more funds, according to Dick Pfister, executive vice president, managing director of global sales and consulting. "It's an exciting time for Altegris," Pfister recently told MFWire. Pfister attributed the growth in part to the fact that Altegris is now privately owned again, which is allowing the firm to grow in a number of areas, including staffing and product development. "Our new equity partners bring a great deal of experience to help us decide where we need to grow next," he said. For example, the new fixed income long short fund is helping Altegris tap into growing demand in the "non-traditional bond world," according to Pfister. A growing number of investors are looking for ways to bolster their bond portfolios before interest rates rise, as well as generate risk-mitigated yield. The three fund launches will grow the firm's product lineup to nine funds. The firm also plans to grow its research staff to facilitate further launches in the future. Printed from: MFWire.com/story.asp?s=46763 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |