Revolution Capital Management

Most managed-futures shops live or die by trend. Revolution Capital built its business doing the opposite. Its Mosaic Institutional program targets zero monthly correlation to the CTA trend universe, designed to sit inside a managed-futures portfolio as a pure diversifier rather than another trend follower, while its Alpha program hunts trend dislocations instead of trends themselves.

Founded in 2004 and trading from early 2005, the Denver firm runs both programs on heavy statistical analysis and automation, with holding periods measured in days. The pitch is structural: not a better trend follower, but the thing you hold against one.