Alternative investment provider Altegris has named Robert J Murphy as deputy chief investment officer.
Murphy will report to and work closely with Jack Rivkin, chief investment officer of Altegris.
He will join Altegris' investment committee and will be assuming specific portfolio and risk management responsibilities. Murphy joins Altegris after serving as the chief investment officer, co-portfolio manager and director of risk for Hatteras Alternative Mutual Funds, a subsidiary of Hatteras Funds, for the past five years.
"I am very pleased Bob has joined our team," says Rivkin. "He brings over 30 years of experience in asset management and investment banking to Altegris. Half of that time has been spent in alternatives. He has one of the longest performance track records in this fast growing segment of the mutual fund industry. Bob is an innovator, educator, as well as a superb investment manager and judge of talent."
Prior to joining Hatteras, Murphy was with Ivy Asset Management, a division of BNY Mellon Asset Management, as a managing director in the investments group and in the investment products and strategy group. Before joining Ivy in 2008, Murphy was a partner and director of risk management at Meridian Capital Partners, where, beginning in 2001, he worked in various senior capacities, including investment manager research and portfolio management.
"While I take great pride in what we accomplished as a team at Hatteras, I believe that Altegris represents a next step in the evolution of supporting financial advisors in the task of creating appropriate, risk managed solutions by developing a range of product alternatives for their clients," says Murphy. "I am very excited to have this opportunity to join Jon Sundt, Jack Rivkin and the entire Altegris team, in working together to help financial advisors accomplish the goals they have set for themselves and their clients."