LA JOLLA, CA--(Marketwired - October 20, 2016) - Liquid alternative investment veteran, Dick Pfister, founded AlphaCore Capital to bring alternative investments to private clients in an independent, boutique setting. A year later, the La Jolla-based firm's success and demand from advisors for sub-advisory services have led the firm to take over an alternative mutual fund with a three year five-star Morningstar rating (out of 163 funds in the long/short equity category based on risk adjusted returns for the three year period ending September 30th, 2016). AlphaCore currently offers its alternative models on the largest independent custodians' separately managed account platforms. The fund, the AlphaCore Absolute Institutional Fund, is another avenue for investors to access AlphaCore's alternatives expertise. AlphaCore will serve as the advisor to the fund, which will be distributed by Northern Lights.
The newly rebranded fund and the other AlphaCore models vary from most of their kind: most multi-alternative mutual funds have a fairly high correlation to stocks and exposure to credit -- thereby diminishing the potential benefit of diversification. The AlphaCore Absolute Institutional Fund (GDAMX) has the potential to provide diversification from traditional stocks and bonds with the specific blend of alternative strategies employed in the AlphaCore model. Dick Pfister leads the AlphaCore Capital team, which has already closed in on $100 million of advisory assets in the past year. By incorporating multi-alternative strategies with traditional beta strategies and sub-advising for other advisors, the AlphaCore team offers a broad variety of solutions that blend alternative strategies with traditional investment portfolios.
AlphaCore Capital represents a different type of philosophy: with access and expertise in alternative investments from a firm built with an open architecture. The firm was launched when its founder, Dick Pfister, was unable to find an advisor that had the resources to put alternative investments at the center of his personal portfolio. Pfister says, "The idea in founding AlphaCore Capital was to combine the independent, boutique model of a family office with the alternative investment resources and expertise often missing from other advisory firms."
Lead Portfolio Manager of the AlphaCore Absolute Institutional Fund, Jonathan Belanger, will be using the AlphaCore Absolute Balanced model inside the recently rebranded fund, allocating to eight to twelve alternative strategies. Belanger says, "The AlphaCore Absolute models were designed to provide advisors with not just another product but also advice about how to allocate alternative strategies, particularly liquid alts."
About Dick Pfister, CAIA
Before starting AlphaCore Capital, Pfister was a partner at Altegris Investments, helping develop and deliver alternative investment strategies since 2002. In 2010, he was part of the group that sold Altegris Investments to a Fortune 500 company. He is an inaugural member of the Chartered Alternative Investment Association (CAIA) and was also awarded the First Annual Corporate Recognition Award in 2012 for excellence in alternative education.
About AlphaCore Capital
At AlphaCore Capital, we believe traditional allocations to stocks, bonds and real estate serve a purpose, but alternative investments strategies should also be incorporated in order to properly diversify a portfolio. Historically, large allocations to traditional long-only asset classes such as equities and bonds were considered the primary ingredients to form a well-diversified portfolio. In our opinion, today's markets have become more correlated and recent moves in equities and interest rates have become exhausted. AlphaCore believes that adding alternative investments using a thoughtful, calculated approach can help to provide proper long-term diversification.
For more information about The AlphaCore Absolute Mutual fund, please visit www.alphacorefunds.com
For more information about AlphaCore Capital, please visit www.alphacorecap.com.
Morningstar is an independent provider of financial information. Morningstar performance rankings are based on total return without sales charge relative to all share classes of mutual funds with similar objectives and determined by Morningstar. The top 10% of the funds in a rating universe receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Past performance or ranking is not indicative of future results.
Investing in mutual funds involves risk including the possible loss of principal. Equity market-related swap contracts and options involve leverage risk, tracking risk and counterparty default risk. Option positions may expire worthless exposing the Fund to potentially significant losses.
ETFs and mutual funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in ETFs and mutual funds and also may be higher than other mutual funds that invest directly in common stocks and other securities.
The advisor's dependence on its asset allocation and risk management strategies and judgments about the attractiveness, value and potential appreciation of particular securities and derivatives may prove to be incorrect and may not produce the desired results.
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the AlphaCore Absolute Fund can be found in the Fund's prospectus. To reach AlphaCore Capital LLC please call 858-875-4100. Please read the prospectus carefully before investing. The AlphaCore Absolute Fund is distributed by Northern Lights Distributors, LLC. Member FINRA/SIPC. AlphaCore Capital, LLC is not affiliated with Northern Lights Distributors, LLC.
Image Available: http://www.marketwire.com/library/MwGo/2016/10/20/11G118816/Images/DP-f0c1cca20b50a699802f8f905136d70e.jpg