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Alternative Market Briefing

County Cork’s CTA business races out of R J O’Brien stable

Tuesday, June 25, 2013

Beverly Chandler, Opalesque London, for New Managers:

A gathering of industry veterans, largely drawn from the managed futures and CTA community lies behind the conference in London this week for emerging managers, the Emerging Manager Forum from Bucky Isaacson and Frank Pusateri. The occasion will see the hard launch of a particularly intriguing new CTA business, County Cork LLC, out of Skokie, Illinois, a thoroughbred coming from the racing stable of R J O’Brien. The futures commission merchant will celebrate 100 years in the business next year, under the directorship of its family, including its founder’s namesake, Robert J O’Brien Jr.

R J O’Brien as a firm has had its share of interesting times over recent years, having been bought in 2008 by a private equity group, and then bought back again, at a discount, by the O’Brien family in 2010 in a deal widely described in the US as 'the best futures trade never done in the pit.’

Bob O’Brien and his family members sit at the director level where their day to day influence with the current company ends, but in the meantime, in 2002, he had established his own CTA business County Cork LLC and it is this firm that launches out of the Emerging Manager Forum. Mark de Souza, President of County Cork, told Opalesque in an interview that the business launches with that rare thing, deep pockets, having approximately $30m in funding from clients and ......................

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