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Altegris Launches Long/Short Fund

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Altegris Advisors has launched the Altegris Equity Long Short Fund (ELSAX) to bet on the equity markets, predominantly US stocks.

The fund will allocate its assets among four sub-advisers, including Visium Asset Management; Harvest Capital Strategies; OMT Capital Management; and Harvest Capital.

The fund will charge 275 basis points for the management fee.

“We believe many long/short funds are managed by long-only managers who’ve only recently started shorting,” said Jon Sundt, President and CEO of Altegris and Co-Portfolio Manager of the Altegris Family of Mutual Funds in a statement.

“The managers employed by the Altegris Equity Long Short Fund have experience short selling selected stocks, as opposed to simply hedging via broad market indices.”

 

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