Altegris Bulks Up Macro Strategy Portfolio

The global strategies of 300 North Capital and Willowbridge Associates were added to the Altegris Macro Strategy Fund to enhance its potential to generate absolute returns.

The Altegris Macro Strategy Fund seeks to generate absolute returns from income and capital appreciation regardless of market direction. This actively managed mutual fund attempts to reach its investment objective through exposure to global macro strategies targeting the commodity and financial futures markets, and other global financial markets.

The additions will enable the fund to seek absolute returns for investors in all market conditions, said Jon Sundt , president and chief executive of Altegris. Many investors are looking to obtain more exposure to macro and other alternative strategies, Sundt pointed out, and the firm’s research and investment processes make it easier for them to achieve potential diversification with lower correlation to their core equity portfolio.

Based in Pasadena, California, 300 North Capital is an independently owned, institutional investment manager with more than $700 million under management as of March.

Willowbridge, in Plainsboro, New Jersey, is a commodity trading adviser that oversees $1.7 billion in nominal client and proprietary assets under management as of March.