Optimation Investment Management has signed an agreement with Caxton Associates under which it is intended that Optimation will manage an allocation from Caxton.
Optimation was started recently by hedge fund pioneer Dr. Peter F. Matthews, founding partner of Mint Investment Management Company in 1984. Mint became the first CTA to exceed $1bn. under management in 1991. Mint was 50% owned by the Man Group, Plc and was a catalyst for what has become the Man Group’s highly successful hedge fund sales business.
Monique Miller, Director of Caxton’s Strategic Quantitative Division, said: “We are very happy to have concluded this deal with someone of Peter Matthews’ reputation, track record and proven quantitative skills. We believe that Optimation’s strategies are ahead of the curve, combining high return potential, a low volatility profile and tremendous capacity across the world’s futures and foreign exchange markets.”
Peter Matthews added: “As a 20 year veteran in the business I have long admired Bruce Kovner’s extraordinary achievements as a trader and have been equally impressed with the organization he has created at Caxton. This is an ideal agreement for Optimation, allowing us to focus on trading and research, while paving the way for joint product launches in due course.”
Optimation Investment Management LLC is a registered CTA/CPO based in Potomac Falls, Virginia. Optimation develops its proprietary quantitative methods through a combination of research into the latest scientific findings in finance, intensive statistical simulation studies and state-of-the-art trade execution technology.