Millburn Press Release, June 2019
Millburn Ridgefield Corporation (“Millburn”) earned an award for its Millburn Commodity Program (“Millburn Commodity” or "Strategy") at the 2019 Eurekahedge Global Hedge Fund Awards in the category “Best North America-based CTA Managed Futures Hedge Fund”.
Eurekahedge recently announced the launch of the Global Hedge Fund Awards - the first of its kind industry-wide initiative to recognize and award hedge fund managers across the globe. From over 13,000 hedge funds reporting to the Eurekahedge Global Hedge Funds Database, 250 funds were nominated across multiple award categories. Its elite panel of judges hailing from a mix of public and private pension funds, as well as premier funds of hedge funds, selected winners across the Americas, Europe & the Middle East, Africa and Asia Pacific.
ABOUT MILLBURN AND MILLBURN COMMODITY PROGRAM
Millburn has a legacy of leadership and innovation in commodities, futures and foreign exchange markets that dates back to 1971. Millburn manages money on behalf of its investors using alternative strategies with an emphasis on disciplined, systematic approaches and rigorous risk management. Collectively, Millburn and its affiliated entities have more than 50 employees located in offices in New York and London.
Millburn Commodity is a systematic long/short strategy that has been investing continuously since March 2005. Millburn Commodity trades a diversified set of more than 45 liquid global commodity futures markets utilizing a range of price, price- derivative and non-price data, across a broad range of time frames.
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NOTES AND DISCLAIMERS
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE POTENTIAL FOR PROFIT IS ACCOMPANIED BY THE RISK OF LOSS.
RISKS OF AN INVESTMENT IN MILLBURN COMMODITY PROGRAM (the “Strategy”) include but are not limited to the following: (i) The Strategy is speculative. Investors may lose all or a substantial portion of their investment in the Strategy; (ii) The Strategy is leveraged. The Strategy will acquire positions with a face amount of as much as six to eight times or more of its total equity. Leverage magnifies the impact of both profit and loss; (iii) The performance of the Strategy is expected to be volatile. Since inception, monthly returns in the Strategy ranged from up 16.65% to down 7.28%; (iv) Investors will sustain losses if the Strategy is unable to generate sufficient trading profits and interest income to offset its fees and expenses; (v) A lack of liquidity in the markets in which the Strategy trades could make it impossible for the Strategy to realize profits or limit losses; (vi) A substantial portion of the trades executed for the Strategy take place on foreign exchanges. No U.S. regulatory authority or exchange has the power to compel the enforcement of the rules of a foreign board of trade or any applicable foreign laws.
The investment strategies and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Diversification does not eliminate the risk of experiencing investment losses. The information contained herein is intended for use by sophisticated investors who may be interested in opening a separately managed account. Prospective managed account clients must be "qualified eligible persons" within the meaning of CFTC Rule 4.7. Futures accounts are speculative, employ significant leverage, involve a high degree of risk, are not suitable for all investors, and may involve high fees. There can be no assurance that an investment strategy will achieve its objectives. This information is not a solicitation for investment. Such an investment may only be made on the basis of information and representations made in the appropriate written disclosure document.
This press release is based on performance and other information available as of the date indicated. Any markets, models, leverage, portfolio weights and other data described herein change over time, but are accurate as of the date indicated herein. This press release is not an invitation to invest in any investment strategy managed by Millburn and must be supplemented by certain disclosure when considering an investment, including important information concerning risk factors, conflicts of interest and other material aspects of an investment; this must be read carefully before any decision whether to invest is made. Investors may lose all or a substantial amount of their investments.