Tue, May 14, 6:08 PM (73 days ago)
The Altegris Winton Futures Fund, L.P. reported its financial results for the quarter ended March 31, 2024. Key highlights include: 1. **Financial Health and Performance Metrics**: The fund's total assets increased to $16.63 million from $15.85 million at the end of 2023. The net asset value (NAV) rose to $15.98 million from $15.62 million. 2. **Revenue and Profit Margins**: The fund achieved net realized and unrealized trading gains of $1.51 million, a significant improvement from the $213.93 thousand loss in the same period last year. Interest income also increased to $196.80 thousand from $154.98 thousand. 3. **Expenses**: Total expenses for the quarter were $357.03 thousand, including management fees of $45.97 thousand and incentive fees of $203.24 thousand. 4. **Cash Flow**: Cash holdings slightly decreased to $200.31 thousand from $216.33 thousand. 5. **Earnings Changes**: The fund reported a net income of $1.35 million compared to a net loss of $225.44 thousand in Q1 2023, driven by strong trading performance and higher interest income. 6. **Quarterly Performance**: The fund benefited from positive trends in global equities, government bonds, and commodity markets, particularly in agriculture and energies. Diversifying signals in agricultural commodities, energies, and currencies also contributed positively. 7. **Trends and Uncertainties**: Market optimism around corporate earnings and lower inflation supported equity markets, while mixed performance in commodities reflected varied demand and supply conditions. 8. **Future Operations Impact**: The fund's trading strategy and market conditions will continue to influence its performance. The announcement of a potential acquisition of the investment management contracts by Destra Capital Advisors LLC may also impact future operations. Overall, the fund showed a strong recovery and growth in the first quarter of 2024, with significant trading gains and improved financial metrics.