CTA pioneer Millburn builds on 40-year history to extend global footprint, grow strategy range

Thu Jan 26, 2012

US-based systematic trading veteran extends reach into Europe and Asia and rolls out innovative new strategies

Barry Goodman
For managed futures and CTA managers, perhaps even more so than for all other hedge funds, the longevity of the track record is a key selling point to potential investors in systematic and quantitative strategies that – by their nature – can sometimes be a little opaque, scientific and hard for the layman to understand.

But few can point to a record stretching back quite as far as Millburn, the $2 billion-plus US-based group that has been trading systematic and quantitative futures and FX strategies for 40 years and has run its US-domiciled Millburn Diversified Program (MDP) since 1977.

At a time when global investor interest in CTAs and systematic strategies is growing apace, Millburn’s record is hard to beat. Over 34 years, the MDP strategy has delivered a compound net return to investors of nearly 17% – with only six down years in all that time – while employing...

ISSN: 2151-1845 / CDC10004H

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