1200 Prospect Street, Suite 400, La Jolla, California
92037
Toll Free: 800-828-5225 | Phone: 858-459-7040 | Fax:
858-456-9209 |
info@altegris.com
Alternative investment products, including hedge funds
and managed futures, involve a high degree of risk,
often engage in leveraging and other speculative
investment practices that may increase the risk of
investment loss, can be highly illiquid, are not
required to provide periodic pricing or valuation
information to investors, may involve complex tax
structures and delays in distributing important tax
information, are not subject to the same regulatory
requirements as mutual funds, often charge high fees
which may offset any trading profits, and in many cases
the underlying investments are not transparent and are
known only to the investment manager. Alternative
investment performance can be volatile. An investor
could lose all or a substantial amount of his or her
investment. Often, alternative investment fund and
account managers have total trading authority over their
funds or accounts; the use of a single advisor applying
generally similar trading programs could mean lack of
diversification and, consequently, higher risk. There is
often no secondary market for an investor's interest in
alternative investments, and none is expected to
develop. There may be restrictions on transferring
interests in any alternative investment. Alternative
investment products often execute a substantial portion
of their trades on non-U.S. exchanges. Investing in
foreign markets may entail risks that differ from those
associated with investments in U.S. markets.
Additionally, alternative investments often entail
commodity trading, which involves substantial risk of
loss.
Altegris, a member of NASD and the NFA, offers
various alternative investments, including hedge funds,
futures funds and managed commodity and futures
accounts, that may operate in commodities markets and
foreign markets, among others. Altegris and/or its
officers/partners may have a financial interest in such
alternative investments. In working with clients,
Altegris acts in its capacity as a SEC-registered
Broker-Dealer and a CFTC-registered Introducing Broker.
Although we may give advice that is incidental to our
brokerage services, we are not an Investment Adviser.
Altegris has entered into selling agreements with all of
the investment products that we offer (including
investment products of our affiliates), pursuant to
which we are paid fees by the investment products or
their managers in connection with sales we make. This
enables us to offer products without charging fees above
those charged by the products or managers.
