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Altegris Investments Inc: Business Continuity Planning

Altegris Investments has developed a Business Continuity Plan (“Plan”) that addresses how we will respond to various events that could significantly disrupt our business, such as natural disasters, power outages and other extraordinary events. Since the timing and impact of such disruptions is unpredictable, our Plan has been designed to be flexible in its response to events as they may occur. The following highlights and summarizes our Plan.

Contacting Us

If after a significant business disruption you cannot contact us through normal channels, such as by phone at (800) 828-5225 or (858) 459-7040, you may call the number of our Colorado branch office at (888) 351-8485. You may also access the Altegris website at www.altegris.com.

If you are unable to contact Altegris by any of the above means, you may contact other service providers in respect of your investments as follows:

For segregated managed futures account investments acquired through Altegris (acting as an introducing broker for clearing firms), you should contact the clearing firm (i.e., in each case a futures commission merchant) where your specific account is held for information regarding account balances, trading levels, redemptions and wire transfers. Altegris currently introduces accounts at the following clearing firms:

MF Global Inc., 1-312-663-7500 (Chicago), 1-212-589-6200 (New York), www.mfglobal.com
UBS Securities LLC, 1-312-525 5000, 1-800-221 3260, www.ibb.ubs.com/mc/futuresandoptions
Newedge Group, 1-646-557-9240 (New York), Account Inquiries www.newedgegroup.com

For hedge fund or managed futures fund investments made through Altegris (acting as a selling agent for such funds), you should contact the general partner, managing member, trustee, sponsor or other manager of your fund investments directly with inquiries as to balances, redemptions or other requests. The contact information for each of your fund investments will appear on the periodic account statements sent to you directly by each fund.

Our Business Continuty Plan

We intend to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and taking the necessary steps to allowing our customers to continue transacting business as normal. In short, our Plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Our Plan addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier/vendor, contractor, and bank impact; regulatory reporting; and assuring our customers have prompt access to funds and accounts held elsewhere if we are unable to continue our business

With respect to segregated managed futures account investments, the clearing firm where each account is held maintains account records in a geographically separate area from where Altegris maintains duplicate account records for each such account of its clients. With respect to hedge fund or managed futures fund investments, the general partner, managing member, trustee, sponsor or other manager of each fund similarly maintains account records, in most cases in a geographically separate area, from where Altegris maintains duplicate account records for each fund investment made by its clients.

Types of Significant Business Disruptions

Significant business disruptions can vary in their scope, such as those (i) affecting only a single building housing our home office (La Jolla, California) or any branch office of the firm, (ii) the business district or city sector where an office of the firm is located, or (ii) the entire city or region where an office is located. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In the event of a significant disruption, whether local or regional, we may transfer operations to another office or to local off-site location as necessary to recover and resume business operations as quickly as possible, in most instances within 24 hours. In that event, we will post notices on our web site, www.altegris.com or by voicemail at our Colorado branch office phone number, (888) 351-8485, regarding how to contact Altegris. If the significant business disruption is so severe that it prevents us from remaining in business, our customer’s prompt access to, and information about, funds and securities will continue to be available directly from the clearing firms where their segregated managed futures accounts are held and/or the managers of their fund investments, as applicable.

More Information

If you have questions about our Plan, you may contact us by phone at (800) 828-5225 or by e-mailing us at compliance@altegris.com.

Home > Business Continuity Plan

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. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Altegris, a FINRA and NFA member, offers various alternative investments, including hedge funds, futures funds and managed futures and commodities 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 an SEC-registered Broker-Dealer and/or as a CFTC-registered Introducing Broker. Although Altegris may give advice that is incidental to its brokerage services, it is not an Investment Adviser. When acting as an Introducing Broker for individually managed accounts, Altegris receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. CTAs may also pay Altegris a portion of the fees they receive from accounts introduced to them by Altegris. When acting as a Broker-Dealer, Altegris enters into selling agreements with hedge funds and futures funds that it offers (including funds sponsored by affiliates), pursuant to which Altegris, with respect to the interests it sells, is paid a portion of the management and/or performance fees charged by the funds or their managers in respect of those interests. This enables Altegris to offer hedge funds, futures funds and individually managed accounts without charging fees above those charged by the CTAs, funds or managers.