Altegris is to launch a new "R" share class on 1 May designed exclusively for registered investment advisors (RIAs) seeking to invest in high-quality private placement hedge funds to add diversification to their clients’ portfolios.
"The launch of these "R" shares underscores our continuing commitment to serve as the premier provider of alternative investments to the registered investment advisor community," says Jon Sundt, President and Chief Executive Officer of Altegris. "As of May 1, we are introducing the "R" share class to four of our private placement funds. This is the first of several launches that we plan to make over the next few months."
For more than a decade, Altegris has had a singular focus – to scour the globe for investment opportunities and seek out best-of-breed alternative investment managers. The firm’s open architecture suite of private funds, actively managed mutual funds and futures managed accounts provides an efficient solution for financial professionals and high-net-worth individuals seeking to mitigate risk through improved portfolio diversification. Altegris offers access to leading global alternative investment managers through a variety of product structures and strives to help RIAs overcome the obstacles traditionally associated with incorporating alternatives into their practices.
"Altegris developed the special "R" share class in response to demand from many of our RIA clients," says Dick Pfister (pictured), Global Head of Sales and Consulting for Altegris. "As our firm has grown to more than USD3 billion in assets, we have been able to realise economies of scale and deliver these benefits directly to the RIA community. The "R" shares will have a general partner fee of 0.50% per annum."
Participation is limited to clients of RIAs in our RIA Referral Program, who qualify and are suitable for investment in an Altegris private placement hedge fund, and additionally meet the requirements of the "R" share class specific to each fund.