In 1999, ten industry veterans formed Efficient with a mandate to maximize the unique benefits of Managed Futures trading strategies for institutional investors. The founders' combined experience and proprietary evaluation and risk management tools provided the foundation for innovative multi-manager product design and portfolio management. Four founders were also founding partners in the following successful and innovative trading firms:
Efficient has grown to a team of twenty-five full-time professionals with department leaders who have more than 200 years of combined experience in the futures industry.
Mr. Jaffarian is the Founder, President and Chief Executive Officer of Efficient Capital Management, LLC ("Efficient"), and chairs the Executive Management Committee. In 1986 he joined Chicago Research & Trading Group (CRT) as a member of the proprietary trading group on the floor of the Chicago Board Options Exchange (CBOE) and rose to position of Senior Vice President for OTC Treasury Options. Immediately prior to founding Efficient, Mr. Jaffarian was responsible for the Managed Futures department of Hull Equity Management, LLC and for the allocation of Hull Trading Company, LLC's proprietary capital among trading advisors. Mr. Jaffarian holds a Series 3 license and is a veteran of over 20 years within the alternative investment industry in the areas of trading, portfolio construction, and risk management.
Mr. Aulie currently serves as the Chief Risk Officer of Efficient Capital Management, LLC, and is a member of the Executive Management Committee. He was previously the Chief Investment Officer at Efficient. Prior to his time with Efficient, Mr. Aulie was with Chicago Research & Trading Group (CRT), where he had 7 years of floor trading experience. At CRT he managed a team in equity arbitrage and was a market maker for hedging activities. Mr. Aulie has been a member of both the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME). He began his career as an auditor for the CME. Mr. Aulie is a Certified Public Accountant, holds a Series 3 license, and has more than 21 years of industry experience.
Mr. Brumbach was the Senior Strategist and Head Trader at Efficient Capital Overlay, LLC. Prior to that he was a Principal of Global Exchange at Bank of America, trading options on Japanese Government Bonds (JGBs) on the Tokyo Stock Exchange from 1992-2000. Mr. Brumbach has more than 12 years of full-time industry trading experience.
Mr. Brumbach was an OEX market-maker ("REV") for Chicago Research and Trading Group (CRT), on the Chicago Board Options Exchange (CBOE). He was a member of the CBOE from 1983 to 1992 and has more than 9 years of industry experience.
Mr. Ginter is the Chairman and CEO of VAST Power Systems and is a founder and Managing Member of Catalytica, LLC, and St. Croix Asset Management, LLC. Gary was formerly a Principal of Hull Trading Company, LLC, the Managing Director of Globex, and one of the founding partners of Chicago Research & Trading Group (CRT). He was selected as one of 25 people who most shaped the futures industry by Futures magazine and has more than 32 years of industry experience.
Mr. Floersch serves on the Board of Advisors and Executive Committee of Efficient Capital Management, LLC. He also serves on the Board of Advisors of GLL Investors, a fund of hedge funds. Mr. Floersch is President and Chief Executive Officer of Fortis Clearing Americas LLC. He had been President and CEO of O'Connor & Company LLC from 1997 until O'Connor was acquired by Fortis Bank in January 2006. An active market maker on the floor of the Chicago Board Options Exchange (CBOE) since becoming a member in 1974, Mr. Floersch served as Vice Chairman of the Board and Chairman of the Executive Committee of the CBOE from 1991 to 1997. He has served as Vice Chairman of the Board of Options Clearing Corporation, the central US clearing utility for all the options markets. Mr. Floersch also served a term as Chairman of the Board of the former Board of Trade Clearing Corporation, and has more than 33 years of industry experience.
Mr. Layton serves on the Board of Advisors of Efficient Capital Management, LLC, and is currently the Chairman of the BOX Options Exchange. He has previously served as a Managing Director at Goldman Sachs, and as a Principal of Hull Trading Company, LLC, and Hull Equity Management, LLC. Mr. Layton has more than 25 years of industry experience.
Mr. Lim is the founder and Executive Chairman of the Phillip Group of Companies including Phillip Securities PTE Ltd. and Phillip Futures PTE Ltd., with offices in Singapore, Hong Kong, Jakarta, Kuala Lumpur, Sydney, Melbourne, London, Tokyo, Bangkok, Shanghai, and Paris. Mr. Lim has more than 30 years of industry experience.
Mr. Saliba is the President and Chief Executive Officer of LiquidPoint, LLC, a BNY ConvergEx Group company and a Director within BNY ConvergEx Group's Senior Executive Management Team. LiquidPoint LLC, is a listed options execution and trading technology firm that provides services to institutional traders, prime brokers, hedge funds, financial intermediaries, and options exchanges. Mr. Saliba was formerly a Board Member of Chicago Board Options Exchange (CBOE) from 1987-1989. He was featured in Jack Schwager's book Market Wizards and has more than 32 years of industry experience.
It's an old fashioned concept to some, but at Efficient, it is a way of doing business that reflects who we are. Others come first - investors, prospects, and team members.
In a world of constant change, creativity and innovation are critical in order to stay relevant and effective. We constantly look for the "second right answer" in how we do business, in the way we think about serving our clients and in the products and services we offer.
Only our best is acceptable. We don't cut corners, we don't find excuses, and we don't settle for good enough. We take our responsibility seriously as fiduciary partners with our investors and seek to bring the best we have to whatever we do.
We come from a variety of cultural and religious backgrounds, but all share a common conviction that what we do flows from who we are and what we believe. Our passion to be men and women of integrity, trustworthiness and honesty flows from our awareness that ultimately we are not our own.
Information on this website is intended for use only by persons and entities that are "Qualified Eligible Persons" as defined in the Commodity Futures Trading Commision Regulation 4.7. Past results are not necessarily indicative of future results. Futures and options trading is extremely speculative and highly risky and is not suitable for all investors. There can be no assurance that an account or fund will earn any profits at all or will be able to avoid incurring substantial losses, including the entire loss of the investment.
This website is for informational purposes only and is not an offer to sell; a salutation of an offer to buy or a recommendation to buy any security. An investment is offered only on the basis of the appropriate Private Placement Memorandum and other offering documentation and in accordance with all applicable laws. This website does not describe all the various risks associated with investing in managed futures or foreign currency exchange, a list of which is in our fund offering documents and our completed due diligence questionnaires. We can provide these documents, or the list, to you upon request.
Pursuant to an exemption from the Commodities Futures Trading Commission in connection with accounts of qualified eligible persons, this document is not required to be, and has not been, filed with the commission. The Commodities Futures Trading Commission does not pass upon the merits of participating in a trading program or upon the adequacy or accuracy of commodity futures trading advisor disclosure. Consequently, the Commodities Futures Trading Commission has not reviewed or approved this trading program or any of the information on this website. Nothing contained in this website constitutes investment, legal or tax advice.
The Efficient logo, Efficient Capital® and Efficient Capital Management® are registered trademarks of Efficient Capital Management, LLC.
