Largest CTA Firms
We asked veteran investor Richard Bornhoft, head of Equinox
Fund Management and The Bornhoft Group, for his selection of top commodity
trading advisors. He provided a list - not a ranking - of the largest CTA firms
in the world. Weâ€™ve added comments.
Winton and QIM are components of the MutualHedge Frontier
Legends Fund managed by Mr. Bornhoft - see Inside
Talk and Regulator.
Earlier this year we published a similar list chosen from
the components of the Altegris 40 index - the Top Ten in Opalesque Futures
Intelligence January 7, 2010. Most of the names are the same as in that ranking,
but not all.
||See interview with chief executive Tim Wong in Opalesque
Futures Intelligence, February 24, 2009.
||Owned 25% by Man Group, assets are around $15.5 billion.
Total company assets are approximately $88 billion, but that includes all
investments, not just futures trading.
||Assets were reported as $13.7 billion as of July 2010.
A subsidiary of Robeco Groep, with $9 billion under management
(including notional funds).
||Assets were reportedly $8 billion as of August 2010.
|| See interview with manager Ken Tropin in Opalesque
Futures Intelligence, March 10, 2009.
|Quantitative Investment Management (QIM)
||Assets were reportedly $5 billion as of February 2010.
||See interview with manager Martin Lueck in
Opalesque Futures Intelligence, February 10, 2009.
Brummer & Partners
|The managed futures program assets were around $2 billion
earlier this year. The firm has other funds.