Altegris Advisors, the alternative private fund and mutual fund shop, announced Thursday during the Schwab Impact 2011 conference that it has launched the Altegris Futures Evolution Strategy Fund (EVOAX). The fund is a '40 Act mutual fund that combines the investing expertise of Jeffrey Gundlach's DoubleLine Capital in fixed income with a managed futures strategy led by London-based Winton Capital Management.
In an interview at Impact, being held in San Francisco's Moscone Center through Thursday, Altegris President and CEO Jon Sundt (left) said that "many people don't realize that most managed future funds allocate a large amount of its assets to highly liquid, short-term securities" that provide little in the way of yield.