The Markets October 31, 2012
Altegris Macro Fund Adds Brevan Howard Strategy
The Altegris Macro Strategy Fund integrated the Brevan
Howard Emerging Markets Local Fixed Income strategy.
Reported by Lee Barney
This is the first time a strategy from hedge fund
Brevan Howard has been available in a mutual fund portfolio, said Jon Sundt, Altegris
president and CEO.
The Brevan Howard strategy is an actively managed,
liquid portfolio that takes two approaches—fundamental global macroeconomic
data and fixed income—to invest in fixed income and currency instruments
primarily in emerging markets in Asia Pacific, Africa, Eastern Europe and Latin
America. Holdings include government bond and financial derivative instruments
referencing interest rates and currencies. As of September 30, the portfolio
had total assets of $393.6 million.
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