1971
Experience
150 +
Markets
$ 10 + Bn
Assets
Data-Driven
Millburn's investment process is focused on data and an evidence-driven understanding of market behavior.
Our R&D team focuses primarily on the use of a machine learning framework to evaluate markets using a wide range of features, including price, price-derivative and non-price data, in various combinations.
Our research suggests that this approach offers an informational advantage over more traditional evaluation methods, enabling us to make decisions about the direction, size, and sustainability of price moves. Further, we believe the process can be used to improve trade execution through the incorporation of return forecasting, enabling us to evaluate potential trades, before they are placed, in the context of overall profitability.
Technology-Focused
Technology forms the backbone of our research and investment capabilities and is a key part of our culture.
Through the incorporation of leading-edge data tools, trading systems and networking, our approach benefits from significant ongoing investment in technology.
This focus enables our researchers to create, simulate, implement and monitor our strategies with confidence and speed.
Iterative & Adaptive
Our process is iterative, seeking continuous improvement and refinement.
Because our strategies are systematic in nature, key knowledge resides in our core systems rather than with any particular person, which means our process can make use of our decades of development and live trading experience, now and in the future.
Machine learning models learn autonomously over time as the latest data is incorporated and evaluated, helping strategies keep pace with regime shifts.
Risk Managed
Risk management is in our DNA.
Millburn seeks to manage risk carefully in its investment programs, with the goal of providing superior risk-adjusted returns, and minimizing drawdowns, across a variety of market environments and over a range of time-frames.
We believe strong risk management is effected through ongoing research and monitoring of our investment strategies, but that it fundamentally originates from a mindset of humility and an understanding of the responsibility we have for your invested assets.