Products April 24, 2012

Altegris Announces Adviser Share Class

 

Altegris announced Tuesday the launch of a share class designed exclusively for registered investment advisers (RIAs).

 

 

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The “R” class shares are targeted at RIAS looking to diversify clients’ portfolios with private-placement hedge funds.

“Altegris developed the special ‘R’ share class in response to demand from many of our RIA clients,” noted Dick Pfister, global head of sales and consulting for Altegris. “The ‘R’ shares will have a general partner fee of 0.50% per annum.” Participation is limited to clients of advisers in the RIA Referral Program who qualify and are suitable for investment in an Altegris private-placement hedge fund, and additionally meet the requirements of the “R” share class specific to each fund.

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The “R” share class will be available to four of the firm’s private-placement funds starting May 1. Altegris says the launch is the first of several it plans to make over the next few months, according to Jon Sundt, president and chief executive of Altegris.

 

Products April 24, 2012

Security Benefit Partners With fi360

Security Benefit Corporation has formed a partnership with fi360 for fiduciary education.
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fi360 provides fiduciary education, investment analytics, support services and industry insights for financial professionals. The relationship gives plan advisers and plan sponsors no-cost access to fi360’s Fiduciary Score analysis of Security Benefit’s recently launched SecurePoint Retirement 401(k) product.   

SecurePoint includes the expertise of Mesirow Financial as ERISA 3(38) fiduciary in the selection, monitoring and replacement of 401(k) plan investment alternatives. (See “Security Benefit to Offer Mesirow’s 3(38) Fiduciary Services.”)

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“We’re confident that advisers will find fi360’s reports beneficial,” said Jim Mullery, president, Security Distributors. “Access to a powerful fiduciary tool like fi360 will go a long way toward helping independent investment advisers build and manage sound 401(k) businesses.”   

More information is at http://www.fi360.com.

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