LA JOLLA, CA-Altegris has launched the Altegris/AACA Real Estate Long Short Fund. The Fund seeks to deliver higher risk-adjusted returns than traditional long-only real estate strategies, while also potentially providing an inflation hedge and a durable stream of income.
The Fund's sub-adviser, American Assets Investment Management LLC utilizes a long/short real estate strategy focused on investing in equity securities of real estate investment trusts and real estate companies in sectors where tenants are not inclined to move. These situations manifest themselves when sectors have few participants, tenants have high demand drivers for their businesses, high entry barriers exist for new owners and developers and tenants have high barriers to exit, says the firm.
AACA was founded in 2002 with an established industry network of real estate professionals, investment bankers, management teams and analysts, and according to Jon Sundt, president and CEO of Altegris and the Altegris Family of Mutual Funds, "Real estate holdings are an essential component of a well-diversified portfolio designed to build and preserve capital in all market conditions."
He says that "We are giving investors an opportunity to achieve strong, inflation-hedged returns across an entire real estate market cycle."
Burland B. East III, portfolio manager and CEO of AACA, adds that "Our ability to make both long and short investments, coupled with the fact that we are not beholden to shadowing an index, gives us the freedom to create a portfolio composed of only those real estate securities we believe to have greatest total return potential. High-quality real estate run by high-quality management teams in high-quality locations may provide consistent capital over the long term, but our investment strategy seeks to mitigate the downside effects in the event of inflation."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
