Eckhardt and Dennis honored at Pinnacle Awards

CME Group and BarclayHedge honored Richard Dennis and Williams Eckhardt with its Pinnacle Achievement last night at its 2016 Managed Futures Pinnacle Awards.

Eckhardt, Chairman and CEO of Eckhardt Trading Company and Dennis founder of C&D Commodities are best known for their Turtle Trading Experiment where they hired a group of novices who answered an ad placed in various financial publications to learn how to trade. Dennis and Eckhardt taught them their trend following methodology. The program was a huge success as the traders created profit of $175 million over five years and many of the “turtles” went on to build their own successful trading businesses including Jerry Parker who was recently profiled in the July issue of Modern Trader.

The legend goes that the experiment was launched to settle an argument between Eckhardt and Dennis about whether successful trading could be taught. The two were partners in C&D Commodities. Dennis famously took a $1,600 stake, which was loaned to him from his parents in the early 1970s and grew it to more than $100 million over several years.

Eckhardt launched his CTA in 1991 after leaving C&D, which has produced annualized double digit returns for 25 years.

CME Group Chief Commercial Officer Bryan Durkin, who worked at the Chicago Board of Trade during the time Dennis built his trading business, presented the achievement award. BarclayHedge founder Sol Waksman announced this year’s pinnacle award winners, which is based on 2015 performance. Fourteen individual awards were presented over eight categories. Many of this year’s nominees and winners have been profiled in Futures/Modern Trader. The best diversified CTA with more than $500 million AUM, Quantitative Investment Management ; as well as the best diversified CTA with less than $500 million AUM, Splendor Capital Management, have both been profiled multiple times.

Below are this year’s winners. 

 

PINNACLE WINNERS

 

BEST DIVERSIFIED CTA

 

2015 Best Diversified CTA ($500 million+ AUM)

Quantitative Investment Management

2015 Best Diversified CTA (Less than $500 million AUM)

Splendor Capital Management Ltd.

5-Year Best Diversified CTA ($500 million+ AUM)

Two Sigma

5-Year Best Diversified CTA (Less than $500 million AUM)

Polar Star Management

  

BEST SINGLE SECTOR

 

2015 Best Single Sector CTA

Cogent Energy Investment Management, LLC

5-Year Best Single Sector CTA

Esulep Management

  

BEST MULTI-ADVISOR FUTURES FUND

 

2015 Best Multi-Advisor Futures Fund

5-Year Best Multi-Advisor Futures Fund

AC Investment Management

AC Investment Management

  

BEST OPTIONS STRATEGY

 

2015 Best Options Strategy

Tianyou Asset Management, LLC

5-Year Best Options Strategy

Doherty Advisors, LLC

  

3-YEAR BEST SYSTEMATIC CTA

Whitehaven

  

3-YEAR BEST DISCRETIONARY CTA

H2O AM

  

3-YEAR BEST HYBRID CTA

Splendor Capital Management Ltd.

  

2015 BEST EMERGING CTA

Tianyou Asset Management, LLC

 

 

Here are all of this year’s nominees

BEST DIVERSIFIED CTA

2015 Best Diversified CTA ($500 million+ AUM)

  • H20 AM LLP (Force 10)
  • PIMCO LLC (Commodity Alpha Fund)
  • Quantitative Investment Management (Global Program)

2015 Best Diversified CTA (Less than $500 million AUM)

  • Altiq LLP (Global Program)
  • Splendor Capital Management Ltd. (Credence Global)
  • White Haven Funds (Whitehaven Correlation Fund SP)

5-Year Best Diversified CTA ($500 million+ AUM)

  • Man AHL (AHL Evolution)
  • QuantMetrics Capital Management (QM MS Fund)
  • Two Sigma Investments LLC (Compass US Fund)

5-Year Best Diversified CTA (Less than $500 million AUM)

  • Mondiale Asset Management Ltd. (Trading)
  • Polar Star Management (Polar Star Fund)
  • Revolution Capital Management (Alpha)

BEST SINGLE SECTOR CTA

2015 Best Single Sector CTA

  • Cogent Energy Investment Management LLC (Commodity Strategy)
  • Dominice & Co. Asset Management (Cassiopeia Fund B USD)
  • GalNet Asset Management (GalNet Alpha Fund LLC)

5-Year Best Single Sector CTA

  • Dominice & Co. Asset Management (Cassiopeia Fund B USD)
  • Esulep LLC (Permo Fund)
  • Kottke (Commodity Capital)

BEST MULTI-ADVISOR FUTURES FUND

2015 Best Multi-Advisor Futures Fund

  • AC Investment Management (AGR Master LP)
  • Equinox (MutualHedge Futures Strategy Fund)
  • HSBC (Trading AdvantEdge USD)

5-Year Best Multi Advisor Futures Fund

  • Abbey Capital (ACL Global Fund)
  • AC Investment Management (AGR Power LLC)
  • Equinox (Frontier Diversified Series 2)

BEST OPTIONS STRATEGY

2015 Best Options Strategy

  • Catalyst Capital Advisors LLC (Hedged Futures Strategy)
  • LJM Partners Ltd (LJM Fund LP)
  • Tianyou Asset Management LLC (Tianyou Fund)

5-Year Best Options Strategy

  • Catalyst Capital Advisors LLC (Hedged Futures Strategy)
  • Doherty Advisors (Relative Value Moderate)
  • Warrington Asset Management LLC (Strategic)

3-YEAR BEST SYSTEMATIC CTA

  • Premium Capital Advisors AG (Precious Metals)
  • Two Sigma Investments LLC (Compass US Fund)
  • White Haven Funds (Whitehaven Correlation Fund SP)

3-YEAR BEST DISCRETIONARY CTA

  • H20 AM LP (Force 10)
  • Pan Capital Management LP (Energy Fund)
  • Trigon Investment Advisors (Discretionary Macro)

3-YEAR BEST HYBRID CTA

  • Esulep LLC (Permo Fund)
  • Polar Star Management (Polar Star Fund)
  • Splendor Capital Management Ltd. (Credence Global)

2015 BEST EMERGING CTA

  • Degraves Capital Management (Global Diversified)
  • John Street Capital (Systematic Strategy)
  • Tianyou Asset Management LLC (Tianyou Fund)

 

About the Author

Editor-in-Chief of Modern Trader, Daniel Collins is a 25-year veteran of the futures industry having worked on the trading floors of both the Chicago Board