By Claire Makin
Managers with a near 27-year track record are hard to come by,
especially if they operate in the managed futures space where
only a handful have survived the rigours of time. The
Denver-based Bornhoft Group is among these die-hard operators.
As well as its longevity, the firm is unusual in having
pioneered a specialised multi-adviser approach to managed
futures at its inception in 1986.
|Brian Bell, Richard Bornhoft and Tom
Richard Bornhoft, the firm's president and chief investment
officer, had been a commodity trading adviser (CTA) since 1979,
and recognised the lack of correlation among CTAs because of
their different trading approaches. "By combining CTAs we could
capitalise on one of the greatest attributes of managed futures
- its diversity," he says.
Bornhoft's Multi-Manager Program employs 15 or so CTAs who
follow different strategies and methodologies to trade global
interest rates, stock indices, currencies,...