Altegris Clearing Solutions Adds BofA Merrill Lynch To Roster Of Clearing Relationships

LA JOLLA, Calif., Oct. 8, 2013 /PRNewswire/ -- Altegris Clearing Solutions, LLC, part of the Altegris group of companies, providers of premier alternative investments, has signed an agreement with BofA Merrill Lynch's Futures & Options and OTC Clearing unit, adding to Altegris Clearing Solutions' deep roster of futures clearing firms with which it maintains introducing relationships.  BofA Merrill Lynch is the eighth leading futures commission merchant (FCM) to offer its services to clients of Altegris Clearing Solutions.

(Logo: http://photos.prnewswire.com/prnh/20130502/NY06733LOGO)

In its ongoing effort to provide expanded choice and high quality service, Altegris Clearing Solutions seeks to simplify for its clients the establishment of multiple futures clearing relationships.  A multi-FCM framework may be particularly useful for institutional investors and hedge funds that desire more than a single provider for specific trading markets access, seek to diversify their futures clearing among multiple firms and/or seek greater operational flexibility and ability to efficiently transfer assets among different FCMs if necessary.

"Altegris Clearing Solutions has taken a leadership position in making available to its clients a multi-FCM program to support their efforts to compete and thrive in the current financial environment," said Maxwell Eagye, Director of Altegris Clearing Solutions. "We provide our clients with a centralized point of contact, turn‑key access to multiple futures clearing firms to support day-to-day business needs, and redundant or back-up clearing relationships if desired."

Altegris Clearing Solutions currently offers a platform of futures clearing services via a suite of clearing and introduction relationships with leading firms including:  ADM Investor Services; JP Morgan Securities; Morgan Stanley & Co; NewEdge USA; RBC Capital Markets; RJ O'Brien and Associates; Rosenthal Collins Group; and now BofA Merrill Lynch.  Over the next few months, it is anticipated that the suite of clearing firms available to clients will further expand.  In the current financial environment, Altegris Clearing Solutions believes it vital for futures industry participants to consider the potential risk management benefits of diversifying among multiple futures clearing relationships.

Altegris Clearing Solutions is a CFTC-registered Introducing Broker and Commodity Trading Advisor, and is a member of the National Futures Association.  Altegris Clearing Solutions serves a wide range of clientele, including institutional and high net worth investors, family offices, hedge fund managers and commodity pool operators.  Altegris Clearing Solutions also provides access to and consulting services around a platform of managed futures managers available via individual managed accounts.  Altegris Clearing Solutions provides access to a database of futures manager performance via www.managedfutures.com.

Please contact Dana Taormina at 973-850-7305 or [email protected], or Amy Bennett at 800-828-5225 or [email protected] for more information.

About Altegris

Altegris searches the world to find what we believe are the best alternative investments. Our suite of private funds, actively managed mutual funds and futures managed accounts provides an efficient solution for financial professionals and individuals seeking to improve portfolio diversification.

With one of the leading Research and Investment Groups focused solely on alternatives, Altegris follows a disciplined process for identifying, evaluating, selecting and monitoring investment talent across a spectrum of alternative strategies including managed futures, global macro, long/short equity, event-driven and others.

Veteran experts in the art and science of alternatives, Altegris guides investors through the complex and often opaque universe of alternative investing.

Alternatives are in our DNA. Our very name, Altegris, highlights our singular focus on alternatives, the highest standards of integrity, and a process that constantly seeks to minimize investor risk while maximizing potential returns.

The Altegris group of affiliated companies is wholly-owned and controlled by (i) private equity funds managed by Aquiline Capital Partners LLC and its affiliates ("Aquiline"), and by Genstar Capital Management, LLC and its affiliates ("Genstar"), and (ii) certain senior management of Altegris and other affiliates. Established in 2005, Aquiline focuses its investments exclusively in the financial services industry. Established in 1988, Genstar focuses its investment efforts across a variety of industries and sectors, including financial services. The Altegris companies include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. As of June 30, 2013, Altegris had over $3 billion in client assets, and provided clearing services to $752 million in institutional client assets.

SOURCE Altegris Clearing Solutions