Altegris Advisors has launched the Altegris Managed Futures Strategy Fund, an actively managed mutual fund aimed at both retail and professional investors. In launching the fund, the alternative investments manager noted that in the past decade, U.S. stocks declined 17%, but managed futures gained 122%.
John Sundt¸ president and CEO of Altegris Advisors and a co-portfolio manager of the fund, which will invest in commodities and financial futures, said managed futures have delivered strong returns through a number of major market scenarios. And until recently, the handful of managed futures mutual funds were passive index-based products aimed at high-net-worth investors. Altegris requires a $2,500 minimum initial investment and subsequent investments of $500 or more.