Altegris is broadening its Altegris Macro Strategy Fund (MCRAX, MCRCX, MCRIX, MCRNX) by allocating the fund’s assets to the global macro strategies of 300 North Capital and Willowbridge Associates.
Pasadena, California-based 300 North Capital, an independently owned, institutional investment manager with over $700 million under management as of March 2013, launched its discretionary global macro strategy in August 2010. The strategy bets on global equities, commodities, currencies, and fixed income – all executed through global futures contracts.
Plainsboro, New Jersey-based Willowbridge, a commodity trading advisor which was established in 1988 and oversaw $1.7 billion in nominal client and proprietary assets under management as of March 2013, combines momentum and technical trades in its global macro strategy.
“Exposure to 300 North Capital and Willowbridge Associates will further enable the Altegris Macro Strategy Fund to seek absolute returns for investors in all market conditions,” stated Jon Sundt, president and CEO of Altegris.
“At a time when many investors are looking to obtain more exposure to macro and other alternative strategies, Altegris’ thorough research and investment processes make it easier for investors to achieve potential diversification with lower correlation to their core equity portfolio.”