Aspect Capital Limited (“Aspect”)
Aspect Capital Limited is a London-based investment manager which was founded in 1997. The firm applies a systematic and research driven approach to investment management. The Core Diversified strategy is a medium-term, momentum based investment process applying Aspect’s core trendfollowing models across a set of highly liquid futures and FX markets.
Crabel Capital Management, LLC (“Crabel”)
Crabel is a Los Angeles-based alternative investment manager with over 30 years of experience specializing in systematic, automated trading of futures and foreign exchange. The Crabel Advanced Trend Program employs multiple price-based, systematic strategies that participate in market trends across a diversified global portfolio of approximately 200 futures and foreign exchange instruments through the firm’s fully automated, low latency execution infrastructure.
Eclipse Capital Management, Inc (“Eclipse”)
Eclipse is a systematic global macro quantitative-based manager in St. Louis, Missouri. The Eclipse Emerald Futures Strategy takes a systematic, multi-model approach to trading. The program uses an allocation to trendfollowing, complemented with allocations to fundamental macroeconomic and mean reversion models, to construct a portfolio based on the aggregate positioning.
Episteme Capital Partners (UK) LLP (“Episteme”)
Episteme is an independent quantitative investment manager founded in 2009 that manages capital for a global client base. Across the team there is broad and practical experience spanning market cycles, asset classes and investment styles. The firm combines this experience with theory and quantitative techniques to design distinctive systematic strategies within a pragmatic risk management framework. The Episteme Emerald Program is a quantitative systematic macro program, which blends fundamental and technical strategies implemented through a diversified set of futures and FX markets.
Graham Capital Management L.P. (“Graham”)
Graham is a Connecticut based macro-oriented alternative investment firm founded in 1994. Graham focuses on macro-oriented investment strategies in the global fixed income, currency, commodity and equity markets. Graham’s Tactical Trend Strategy is a dynamic trend-based approach comprised of multiple sub-models including trend-following models that trade based on an intermediate to long-term time horizon as well as adaptive models. The program gradually buys and sells orders based on a number of factors, including price, volatility, and length of time a position has been held in the portfolio. Quantitative risk management and portfolio construction techniques are employed with the goal of diversifying risk across the portfolio and enhancing risk-adjusted returns.
P/E Global, LLC (“P/E”)
P/E is a Boston-based manager founded in 1995. The P/E Emerald Futures Program is systematic and analyses financial and macroeconomic fundamental data on a daily basis, with a focus on risk and yield information. A Bayesian approach is used to determine dominant factors in major FX markets, forecast returns and determine trading positions.
Revolution Capital Management, LLC (“Revolution”)
Revolution is a Denver, Colorado-based manager founded in 2004. The Revolution Emerald Futures Program follows a 100% systematic short- and medium-term trading strategy, combining counter-trend and trend reversion models. Trading takes place in a diversified set of markets, including commodity, equity, currency, bond and short-term interest rate sectors.
RG Niederhoffer Capital Management (“RGN”)
RGN is a New York based quantitative investment manager founded in 1993 by Roy G. Niederhoffer specializing in systematic, short-term automated trading of futures. The RGN Emerald Program employs fully systematic, short-term, contrarian and machine learning models to anticipate behavioural biases in markets. The program trades 40 futures across fixed income, FX, equity and commodities through the firm’s fully automated, low latency execution infrastructure.
Systematica Investments Limited (“Systematica”)
Systematica launched as an independent business in January 2015 with a track record dating back to 2004. Systematica is an innovative technology-driven firm focused on a quantitative and systematic approach to investing. Systematica’s “trend following” program seeks to algorithmically identify and capture movements in markets relating to momentum or trends.
Tudor Investment Corporation (“Tudor”)
Tudor is a Connecticut-based investment manager. The firm runs multiple strategies including but not limited to discretionary global macro, event driven and quantitative investment and trading strategies. The Tudor Emerald Momentum program trades a systematic trend following strategy across a broad range of global futures markets.
Welton Investment Partners LLC (“Welton”)
Welton Investment Partners LLC is a California-based investment manager whose predecessor was originally formed in 1988. The Welton Trend program seeks to harness recurrent market opportunities by utilizing systematic, research driven, medium and long-term trend following models across a broad range of diversified global futures markets.
Winton Capital Management Limited (“Winton”)
Winton is a research-led, quantitative investment management company. The Winton Major Markets Trend Strategy applies the trend-following models that Winton has developed over the last 25 years to a broad, diversified set of commodities, stock indices, currencies and fixed income markets. David Harding founded Winton in 1997 and he is the principal owner of Winton.