On Wednesday night, June 20, CME Group and BarclayHedge honored managed futures leaders at their seventh annual managed futures Pinnacle Awards.
The winner of this year's Pinnacle Achievement Award is Andrew W. Lo, Chairman Emeritus and Senior Advisor at AlphaSimplex Group, LLC and the Charles E. and Susan T. Harris Professor of Finance, and the Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management.
Lo is best known for his multidisciplinary approach to finance and his groundbreaking "adaptive markets" theory, which applies evolutionary principles to market dynamics. In 2010, he helped to establish the Office of Financial Research, an independent bureau within the U.S. Department of the Treasury which provides support and analysis to the U.S. Financial Stability Oversight Council. In 2012, he was named to Time magazine's "World's 100 Most Influential People" list.
"This industry is the most vibrant in both theory and in practice," he said when presented with the award.
Lo has published numerous articles in finance, economics, and biomedical journals, and is the author of several books, including "Adaptive Markets, Financial Evolution at the Speed of Thought" and "Hedge Funds: An Analytic Perspective." He is the co-author of "The Econometrics of Financial Markets, A Non-Random Walk Down Wall Street," "The Heretics of Finance," and "The Evolution of Technical Analysis."
The complete list of award recipients follows:
BEST DIVERSIFIED CTA
2017 Best Diversified CTA ($500 million+ AUM): PIMCO
2017 Best Diversified CTA (Less than $500 million AUM): Progressive Capital Partners
5-Year Best Diversified CTA ($500 million+ AUM): Man AHL
5-Year Best Diversified CTA (Less than $500 million AUM): Splendor Capital Management
BEST SINGLE SECTOR
2017 Best Single Sector CTA: Paskewitz Asset Management
5-Year Best Single Sector CTA: Goldman Management
BEST MULTI-ADVISOR FUTURES FUND
2017 Best Multi-Advisor Futures Fund: AC Investment Management
5-Year Best Multi-Advisor Futures Fund: AC Investment Management
BEST OPTIONS STRATEGY
2017 Best Options Strategy: Tianyou Asset Management
5-Year Best Options Strategy: Tianyou Asset Management
BEST LARGE CAP CTA
2017 Best Large Cap CTA ($5 billion+ AUM): Man AHL
3-Year Best Large Cap CTA ($5 billion+ AUM): Man AHL
YEAR BEST SYSTEMATIC CTA
3-Year Best Systematic CTA ($1 billion+ AUM): Man AHL
3-Year Best Systematic CTA (Less than $1 billion AUM): Higher Moment Capital
3-YEAR BEST DISCRETIONARY CTA: PIMCO
3-YEAR BEST HYBRID CTA: Splendor Capital Management
2017 BEST EMERGING CTA
Nominees were chosen based on quantitative data provided by BarclayHedge for the various award categories. All data was collected and analyzed by BarclayHedge. CME Group can neither verify nor negate the accuracy of the data used to calculate nominees and winners.
More information about the awards and the winners, as well as a video about their achievements, can be found here.
CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.
BarclayHedge is a leading independent, research-based provider of information services to the alternative investment industry.