Altegris Announces Advisor Share Class
18.05.12
LA JOLLA, Calif., April 24, 2012 /PRNewswire via COMTEX/ --
Altegris has announced that it will launch a new "R" share class on May 1 designed exclusively for registered investment advisors (RIAs) seeking to invest in high-quality private placement hedge funds to add diversification to their clients' portfolios.
"The launch of these "R" shares underscores our continuing commitment to serve as the premier provider of alternative investments to the registered investment advisor community," said Jon Sundt, President and Chief Executive Officer of Altegris. "As of May 1, we are introducing the "R" share class to four of our private placement funds. This is the first of several launches that we plan to make over the next few months."
For more than a decade, Altegris has had a singular focus - to scour the globe for investment opportunities and seek out best-of-breed alternative investment managers. The firm's open architecture suite of private funds, actively managed mutual funds and futures managed accounts provides an efficient solution for financial professionals and high-net-worth individuals seeking to mitigate risk through improved portfolio diversification. Altegris offers access to leading global alternative investment managers through a variety of product structures and strives to help RIAs overcome the obstacles traditionally associated with incorporating alternatives into their practices.
Source: MarketWatch (press release)
Top-Up Loans are Cheaper Options to Personal Loans
18.05.12
(Source: Bindisha Sarang Mint, New Delhi (MCT) — If you need funds for purposes such as furnishing your house, buying consumer durables and your children’s education or marriage, the obvious thing that comes to your mind is a personal loan . But if you already have a home loan, you have another option—a top-up loan, which is a cheaper option and offers a longer repayment tenor.
Says Vipul Patel, director, Home Loan Advisors (HLA), an independent mortgage advisory firm, “A top-up loan is an additional loan, which your bank offers to you against your house. Banks give you this loan in addition to a home loan you have already taken from the bank.” So, if you are an existing borrower, you could get such a loan.
Amount: It varies from lender to lender. Says Patel, “Usually it is around 65-70% of the value of the house. Lenders look at the current price of your property less the amount of home loan you owe and then zero down on the amount of top-up loan they are willing to offer. Some banks don’t give more that `10-25 lakh, but other banks give higher amounts.” For instance, Citibank India gives as much as `5 crore. As per ICICI Bank Ltd’s website, they offer loan amounts up to 100% of the original loan. But with most other banks, the amount is lower.
Source: LoanSafe