Altegris Investments, a hedge fund services firm based in La Jolla, Calif., has launched a new long/short real estate fund.
The firm explained in a statement Tuesday that the new 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, sub-advised by American Assets Investment Management, 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.
Altegris is an alternative investment services firm that offers hedge fund products to high net worth individuals, family offices and institutional investors. The firm manages about $2.49 billion as of December 31.