Euro Hedgie Takes to U.S. Mutual Fund

Altegris Advisors has added the Brevan Howard Emerging Markets Local Fixed Income strategy to the Altegris Macro Strategy Fund (MCRAX, MCRNX, MCRCX, MCRIX).

The Brevan Howard Emerging Markets Local Fixed Income strategy is an actively managed liquid strategy that seeks exposure to fixed income returns primarily in global emerging markets in the Asia and Pacific region, Africa, Eastern Europe (including Russia) and Latin America. With more than $36 billion in assets at the end of 2012’s second quarter, Brevan Howard is the second largest hedge fund provider in Europe.

“This is the first time that a Brevan Howard strategy is available in a mutual fund portfolio,” stated Altegris’ president and CEO Jon Sundt.

The Altegris Macro Strategy Fund employs global macro and fixed income strategies with a bias toward foreign exchange. As of September 30, it held total assets of $393.6million.