Claughton Capital, LLC was established in 2003 by Mr. Keith M. Ganzer and Mr. Eric Schreiber to take advantage of the opportunities provided by the ARP (auto-reactive positioning) Strategy created by Mr. Ganzer in 1992. Mr. Ganzer traded this strategy with client assets at his wholly-owned firm, Brookville Investments, from 1993 through 2000. Two-thirds (66.67%) of Brookville's trading was done using the ARP Strategy. In 2003, Mr. Ganzer and Mr. Schreiber analyzed Brookville's seven year live record and made two important observations. First, the ARP Strategy generated the bulk of Brookville's trading profits. Second, the ARP Strategy worked best when trading the most active (a.k.a. liquid) markets. Therefore, Claughton Capital, LLC invests its client assets using the same ARP Strategy that was used by Brookville with great success, but does so only in liquid markets. Market selection is performed using a liquidity filter to screen out less liquid markets.
Principals |
| KEITH M. GANZER, CFA, PRM |
Chief Investment Officer |
| Mr. Ganzer started his career in the futures and commodities industry in 1987. He began his capital markets career with Commodities Corporation USA, now part of Goldman Sachs. He then worked for Moore Capital Management where he served as the Head of Systematic Trading and Research, leading a team of analysts to develop quantitative trading strategies. In 1991, Mr. Ganzer left Moore to form and operate Brookville Investments. Brookville used a combination of two strategies in its systematic approach. A two thirds weighting was given to the Auto-Reactive Positioning (ARP) algorithm and one third to a volatility breakout strategy. By far, the most profitable of the two strategies was the ARP strategy which is now the sole strategy currently employed by Claughton Capital LLC. Brookville traded client funds from August 1993 until July 2000 and during that seven-year period compiled a 17% annualized compounded average return after fees while trading up to $15 million in client assets. Mr. Ganzer has an M.A. in Chemical Engineering from Princeton University and B.S. in Chemistry with Highest Honors from Case Western Reserve University. He is a Chartered Financial Analyst member of the CFA Institute and a PRMIA Certified Risk Manager. |
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| ERIC SCHREIBER |
President |
| Mr. Schreiber started his career in futures and commodities trading in 1993. He began trading Bund futures on the floor of the London International Financial Futures Exchange and EUREX futures from behind the screens. Mr. Schreiber, was a partner of Chicago International Arbitrage/Juno Ltd. in London, a bond futures arbitrage firm that grew from 5 to over 60 employees and became the world's largest volume trader of Bund futures on the L.I.F.F.E. and EUREX exchanges. Mr. Schreiber received the Arthur D. Little Scholarship to attend the University of Chicago where he received an M.B.A. degree and received the Halsey S. Garlund Scholarship to attend Emory University where he received a B.S. degree in Mathematics and Computer Science. |
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Investment Professionals
| MORT FRIEDMAN |
Director of Operations |
| Mr. Friedman spent three years in the Small Business Division at Arthur Andersen & Co. performing audits and tax work for privately held businesses. He also worked as the Controller for Metroplex Communications, a group owner of 11 radio stations. He oversaw the accounting functions for the company, internal audits, financial statement preparation, audit prep work, tax return preparation and special projects evaluating potential purchases of media properties. Mort spent most of the past 20 years in radio and television sales and management. He attended the University of Michigan where he received a B.B.A. and passed the CPA exam in Ohio in May 1983. |
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| REED KELLOUGH |
Operations Associate |
| Reed Kellough graduated from the University of Miami, with a double major in Finance and Marketing. His academic accolades include the Bright Futures Medallion scholarship, the Jodi business award and Provost list honors. |
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Claughton Capital's headquarters and operations center is a 2,600 square foot facility in Miami. Florida. The company also maintains a Sales Office in New York City. Claughton's Information Technology infrastructure includes a server with RAID10 technology and is housed in an off-site reinforced data center in Fort Lauderdale, Florida complete with a minimum of 30 days backup power. All data is backed up automatically every night to a remote location. Redundant internet access with different internet service providers including a direct T-1 line are running simultaneously at the Operations Center in Miami. Claughton Capital's trading can be executed on either of two separate and independent trading platforms which can be accessed at any of our offices or portable devices. Should there be a disruption or emergency, the company has personnel in both Miami and New York capable of remotely accessing the company's server and handling all trading and back office functions. Claughton's communication system is housed in a Category 5 Hurricane Certified structure in Miami. All communications can be operated seamlessly at any connected location worldwide.
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PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
