Who We Are
David Burkart, CFA, founded CCF in June 2009 and brought over eight years of portfolio management, research and client relationship experience from Barclays Global Investors where he created and managed institutional and exchange-traded commodities products and separate accounts. In addition to building an $800 million institutional commodities business from the ground up, he was instrumental in leading BGI’s $9 billion commodities iShares efforts. He graduated from the Wharton School of Business with his MBA in finance, holds an MA from the University of Virginia in foreign affairs and received his BA in economics from the University of California at Santa Barbara. Mr. Burkart is a Chartered Financial Analyst (CFA) charterholder and on behalf of CFA Institute, Mr. Burkart has lectured on commodities investing in Asia, North America, Europe and the Middle East.
What We Do
The firm manages two strategies. The first invests in commodities futures and options contracts representing various “hard assets” such as crude oil, gold, wheat, copper and lean hogs. The second trades volatility (VIX) contracts with a market hedge. The overarching investment themes are relative value spread trading and directional positioning. Trend-following and similar “black box” methods are not part of the philosophy. Instead, alpha opportunities are dissected using quantitative measures and fundamental aspects while considering both risk and return.
By working with this firm, investors receive exposure to these unique characteristics:
- Fundamental-based investment process vetted by statistical analysis and discretionary experience
- Emphasis on relative-value spread trading with limited directional positioning
Pure asset class exposure – either commodities or volatility
- Direct access to an experienced and knowledgeable manager
- Five-year commodities strategy track record (incp. 8/1/10) and three-year volatility (VIX) track record (incp. 5/1/13) with low correlation to standard indices and other managers. Low margin requirements in commodities strategy.
Hedged Volatility Strategy: