Millburn Ridgefield

Millburn Ridgefield LLC ("Millburn") is a US-based hedge fund manager established in 1971. It manages investor capital through alternative strategies, making it, in Millburn’s view, one of the world’s longest-operating alternative investment managers. Millburn has consistently aimed to deliver positive returns to investors across various market cycles and environments, emphasizing disciplined, quantitative approaches to trading a wide range of liquid global markets. While Millburn seeks positive returns, there remains a risk of loss. Investors have ranged from individuals to some of the largest institutions in the world. Millburn believes its success and longevity is a direct result of the quality of its people and the ability to continuously refine, evolve and adapt its investment approaches over time. Of course, while Millburn Millburn’s investment approach centers on the development of process-driven, measurable and risk-controlled methods to trade a variety of markets. In the case of systematic trading, this translates into strategies intended to make price forecasts pursuant to data-driven models whose inputs collectively can include hundreds of quantitative sources. In addition, investment approaches incorporate advanced trade execution cost forecasting, volatility forecasting, liquidity forecasting, and risk management techniques. Millburn began applying machine learning approaches (also called “artificial intelligence”) in 2013. Today, the majority of collective risk taken by the Firm’s systematic and quantitative strategies relies on these technologies. It is Millburn’s belief that the Firm’s systematic strategies can provide value to an investor’s portfolio during large, sustained market moves (up or down), but also during periods of more volatile or “range-bound” market behavior. Millburn’s investment approach is overseen by its Investment Committee (“IC”), composed of three of Millburn’s senior principals and four additional members. The senior principals on the IC have worked together for more than 40 years. Millburn’s investment process includes research, data management, system implementation, trade order entry, market intelligence, system design, modelling and risk management functions, and the deployment of portfolio risk across markets, strategies and models. Millburn’s Executive Committee, comprising three of its senior principals (2 of whom also serve on the IC), is responsible for all decisions for the Firm. These senior principals are complemented by a core group of experienced individuals leading each of the critical operating areas of the Firm, including professionals holding degrees in fields such as economics, engineering, computer science, applied mathematics, law, tax, accounting and business. Approximately 40% of employees at Millburn are involved in research & development, including individuals working in: system design, modelling and risk management; model implementation; data management; and trade order entry.Read more ⏷