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
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
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...
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