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Managed futures continued to see strong inflows in 2015 due to its low correlation to other hedge fund strategies. Access to liquid alternative investments is improving as investor demand grows for the diversification, non-correlated returns, and risk-reducing potential these strategies offer. Our goal is to highlight these benefits, honor the top managers, and increase visibility into the managed futures space.
Monday, June 20, 2016
Preceding MFA's Forum 2016
5:30 – 7:00 p.m. Registration, networking, cocktails
7:00 – 9:30 p.m. Seated dinner, awards, entertainment
Four Seasons Hotel
120 East Delaware Place
Chicago, Illinois 60611
After eight very successful years, Dennis Miller has just completed his nationally syndicated Westwood One (formerly Dial Global) Radio talk show, “The Dennis Miller Show” which aired five days a week. He is also a regular contributor for “The O’Reilly Factor” on the FOX News Channel. It’s been said that Miller is “One of the premiere comedy talents in America today…” While others are blunt assessing Miller’s comedic stature, Dennis himself makes a virtue of understatement, but there is nothing low key about his career. Miller is a five-time Emmy award winner for his critically acclaimed half-hour, live talk show “Dennis Miller Live” which had a nine year run on HBO. Miller also garnered three Writer’s Guild of America Awards for the series as well as an additional WGA Award for his 1997 HBO special, “Dennis Miller: Citizen Arcane.” He also wrote and starred in the Emmy-nominated cable comedy special “Raw Feed.” That show, along with the six other standup specials he did for HBO from 1988-2006, is featured in the recently released DVD set, “Dennis Miller: The HBO Specials.” His eighth special for HBO, “Dennis Miller: The Big Speech” debuted last year and is now also available on DVD. He was the host and executive producer of CNBC’s “Dennis Miller”, a topical interview talk show featuring reasoned discourse, opinion and humor. Additionally, Miller has appeared on many politically oriented television talk shows. He has also been cast in films, usually in dramatic roles, most notably in 1994's “Disclosure,” 1995's “The Net,” and 1997's “Murder at 1600 Pennsylvania Avenue.” He also appeared in the 2008 release, “What Happens in Vegas.” Dennis has also achieved success in the literary arena with four books, “I Rant Therefore I Am,” “The Rants,” “Ranting Again,” and “The Rant Zone” have all been New York Times best sellers. For two seasons, Miller called the plays alongside Al Michaels and NFL Hall of Fame quarterback Dan Fouts on ABC’s “Monday Night Football.” He was also the “Weekend Update” correspondent on “Saturday Night Live” for six years, before exiting in 1991. He has yet to appear in a show with the words, Tuesday, Wednesday, Thursday or Friday in the title. Over the years, Miller has become both a public and critical favorite. The New York Times said, “Mr. Miller is exquisitely attuned to contemporary foibles…his material can be scathing, his delivery low key…Mr. Miller reaches a bit farther than most comedians for the scorching comment…this smart aleck has an uncommonly sharp eye…” and The Hollywood Reporter called his most recent special, “an hour of topical, scathing brilliance that helps cement Miller’s status as the Lenny Bruce of the new millennium…the most cerebral, astute and clever standup ever to put mouth to microphone.”
Winner are listed in bold below and were determined based on quantitative data from BarclayHedge. Learn more about the nominee process here.
William Eckhardt is the Chairman and CEO of Eckhardt Trading Company, a systematic futures trading firm he founded in 1991. He directs the firm’s system development and ongoing research.
Mr. Eckhardt has traded futures professionally for over 40 years. Following 4 years of doctoral research in Mathematical Logic at the University of Chicago, he began trading for his own account on the floor of the Mid America Commodity Exchange in 1974. Since that beginning, Mr. Eckhardt has conducted extensive research into the nature of futures price action, risk management, and the evolutionary optimization of futures trading systems. He has developed numerous technical trading systems and in the mid-1980s, along with Richard Dennis, he developed trading systems which they taught to a group of individuals that have become known as the “Turtles”.
Mr. Eckhardt has held various exchange memberships since the early 1980s. He was formerly a full member of the Chicago Board of Trade and the Chicago Mercantile Exchange and currently holds a seat at the CME Index and Option Market. Mr. Eckhardt and Mr. Dennis were partners of C&D Commodities, which was a futures commission merchant chiefly involved with clearing and executing partner capital, futures research, and trading administration.
Mr. Eckhardt has also been engaged in research in a variety of other subjects including the illusory nature of time’s passage, the nature and status of physical properties, causality, the mind-body problem, decision theory, and paradoxes in probability theory. He is a member of the University of Chicago Visiting Committee to the Division of Physical Sciences and serves on the International Advisory Board of the Pacific Institute of Theoretical Physics. Following Mr. Eckhardt’s contributions to the Physical Sciences Department at the University of Chicago, the University opened the William Eckhardt Research Center in 2015 to support distinctive programs in molecular engineering and astrophysics.
Richard Dennis is an independent trader with an accomplished background in the futures industry whose methodology helped make commodity futures better known. Born and raised in Chicago, Mr. Dennis worked as a runner at the Chicago Mercantile Exchange at the age of seventeen while attending DePaul University. Upon graduation, Mr. Dennis bought a seat on the MidAmerica Commodity Exchange where he had quick success and gained visibility as the youngest trader in the pit. Looking to expand into additional markets, Mr. Dennis purchased a full membership at the Chicago Board of Trade and in 1974 he formed C&D Commodities, one of the largest independent trading firms in the world at that time.
Mr. Dennis is well known for his trading experiment with William Eckhardt in the early 1980's, which consisted of training novice traders ("Turtles") a straight-forward trend-following system and then providing each turtle with their own trading account. The two classes personally trained by Dennis and Eckhardt earned more than $175 million in just five years and many traders continued their careers as successful commodity trading managers using similar techniques.
Mr. Dennis has detailed his views in both business and general interest publications. He recently visited Cuba as a board member of the libertarian Reason Foundation. He is also a director of the Cato Institute.
Qualified investors* receive complimentary registration.
* Qualified allocators include sovereign wealth funds, private & public pensions, foundations, endowments, family offices, fund of funds, and consultants.
All nominated managers are entitled to two complimentary passes. Managers not nominated, but still interested in attending, need to be invited by a sponsor or table purchaser.
A single sponsorship level includes two tables, recognition in the Wall Street Journal, and more.
Email email@example.com to learn more
Tables for 10 without sponsorship benefits are available. Individual seats are not available for purchase.
Email firstname.lastname@example.org to learn more
The 2015 Managed Futures Pinnacle Awards honored top managers with a total of 14 awards, including the Pinnacle Achievement Award presented to Clifford Asness, Founder, Managing Principal, and Chief Investment Officer at AQR Capital Management. The night's host and comedian, Jay Mohr, provided entertainment throughout the program and standup comedy to end the night.
Cliff is a Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. He is an active researcher and has authored articles on a variety of financial topics for many publications, including The Journal of Portfolio Management, Financial Analysts Journal and The Journal of Finance. He has received three Bernstein Fabozzi/Jacobs Levy Awards for best paper in The Journal of Portfolio Management, in 2004, 2005 and 2014. Financial Analysts Journal has twice awarded him the Graham and Dodd Award for the year's best paper, as well as a Graham and Dodd Excellence Award, the award for the best perspectives piece, and the Graham and Dodd Readers' Choice Award. In 2006, CFA Institute presented Cliff with the James R. Vertin Award, which is periodically given to individuals who have produced a body of research notable for its relevance and enduring value to investment professionals.
Prior to cofounding AQR Capital Management, he was a managing director and director of quantitative research for the Asset Management Division of Goldman, Sachs & Co. He is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the board of directors of the Q-Group and the board of the International Rescue Committee. Cliff received a B.S. in economics from the Wharton School and a B.S. in engineering from the Moore School of Electrical Engineering at the University of Pennsylvania, graduating summa cum laude in both. He received an M.B.A. with high honors and a Ph.D. in finance from the University of Chicago, where he was Eugene Fama's student and teaching assistant for two years (so he still feels guilty when trying to beat the market).