Tue, Sep 21, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Warrington Asset Management wins Pinnacle Award's 5-year best options strategy

Wednesday, July 12, 2017
Opalesque Industry Update - Warrington Asset Management's Strategic Program won the 2017 Pinnacle Award's 5-Year Best Options Strategy. For six years, the Pinnacle Awards have recognized excellence in trading in the managed futures space. Warrington has been nominated four times, and brought home the coveted award this year. Headed by founder and principal trader Scott Kimple, Warrington Asset Management's programs utilize a fundamental, discretionary trading strategy using options on the S&P 500 index. The firm, founded by Kimple in 1997, has used the same underlying methodology for all programs since its launch.

"We're honored to receive the Pinnacle Award," said Kimple, who accepted the award at the June ceremony in Chicago. "It's good to be recognized by the industry, as well as be judged positively by our respected peers."

Today with more than $110 million under management, Dallas-based Warrington has its Strategic and Tactical programs that can be accessed through funds and separately managed accounts. The firm utilizes both directional and non-directional option strategies, focusing on the stock index futures markets. Directional strategies will utilize options and combinations of options to position for specific market moves, while nondirectional strategies attempt to capture premiums on the sale of uncovered options.

The Warrington Strategic Program, which won the Pinnacle Award, had a 4.59% return in 2016, and has a 10.09% compounded return since being launched in January 1997. Warrington was exclusively offered through Morgan Stanley (and its predecessors) for 18 years until becoming an independent firm in 2015. Kimple, a third-generation Texan, has traded client assets for 27 years.

The Pinnacle awards, sponsored by the CME Group and BarclayHedge, determine winners based on more than 100 allocator interviews and surveys on best criteria they use to select managers. The top five of these performance metrics were: correlations to relevant indexes, length of performance history, minimal drawdown, net returns, and risk-adjusted returns. Judged by these criteria and more, the top three programs in each of the 14 categories were nominated. The program with the top score is the winner. Warrington beat out Esulep Management and Global Sigma Group in the finals for Best 5-year Options Strategy.

Founder, Principal and Portfolio Manager of Warrington Scott C. Kimple began trading stock and bond positions for his personal account in January 1984, and commodity futures and options in July 1989. In April 1991, Mr. Kimple formally began his career as a trading assistant to Stan Finney, a highly successful trader at Shearson Lehman (a predecessor firm to Morgan Stanley Wealth Management), gaining experience in multiple futures and options markets. While working for Mr. Finney, Mr. Kimple researched, tested and honed his options-based trading strategy that he has utilized at Warrington since 1997. Mr. Kimple received a BBA in finance from Southern Methodist University and a MBA, with emphasis in finance and derivative securities, from SMU 's Cox School of Business. Mr. Kimple holds the Series 3, 7 and 63 licenses.

Warrington is a CTA with a 20-year track record utilizing trading strategies focused on the S&P 500 Index options on futures. Warrington ended its long-term internal affiliation with Morgan Stanley in January 2015. Warrington is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys