300 North Capital has added its global macro strategy to the Altegris Macro Strategy Fund (MCRAX). The Pasadena, CA-based firm will join Denali Asset Management, Brevan Howard, P/E Investments, Ortus Capital Management and Krom River Investment Management on the roster of sub-advisers.
"We are confident that our strategy will further the Altegris Macro Strategy Fund's mission of achieving absolute returns regardless of market direction," said Richard Campagna, chief executive and chief investment officer of 300 North Capital, said in the release. "We are excited to be joining the very strong lineup of managers whose strategies are accessed by Altegris for this fund."
As of December 31, 2012 the Altegris Macro Strategy Fund held total assets of $347 million.