Kensington Analytics specializes in data-driven, quantitative decision models that apply to the equity and fixed income markets. The Kensington name was adopted in 1984 and our investment management experience dates back even further. The underlying philosophy of relying on a quantitatively-driven investment decision process was shaped by the formative trading experience of Kensington’s founder, Bruce DeLaurentis.
Trading methods and tools were primitive at the start of Mr. DeLaurentis’ trading career, but as he gained experience and was able to benefit from more sophisticated technology, his methods took on a more refined and quantitative approach. He built his first quantitative model using a programmable calculator. He advanced to more sophisticated technology with his first computer in 1981. Although he had become a registered representative with a brokerage firm in 1977, it wasn’t until 1984 that he was sufficiently satisfied with his model-driven approach to launch Kensington. Mr. DeLaurentis achieved an enviable track record employing a quantitative methodology. A noteworthy call was a move to a 100% defensive position two weeks before the 1987 market crash.
The hallmark of our demonstrated, time-tested quantitative methodology is not only the prospect of superior returns, but just as importantly, the confidence that comes with knowing that we strive to protect principal in adverse market conditions. One of the quantitative strategies dates back to 1992 (formerly the High-Yield Bond Strategy), is now referred to as the Managed Income Strategy, and boasts over 28 years of impressive, verified performance. Managed Income has not only outperformed the S&P 500 Index since inception as of March 31, 2020, but has done so while working to mitigate risk. The worst drawdown seen by clients has been less than 5%, in contrast to a worst case drawdown for the S&P 500 Index of 51% and more than 30% for the high-yield bond market. Kensington is embarking on an expansion of its services to encompass a growing array of investment strategies that will expand our products to include additional asset classes. The end result is that clients can look forward to the same emphasis on a risk-averse, quantitatively driven approach being applied to a more well-rounded and diverse choice of investment options.
Principal & Founder
Mr. DeLaurentis’ investment experience began in 1969 as an active trader and student of the stock market. In 1977 he became a registered representative with Underwood, Neuhaus & Co. in Dallas, TX. He adopted the Kensington name in 1984. The firm specializes in developing quantitative decision models that apply to the equity and fixed income markets and has licensed these models to a variety of financial firms over the years. Kensington received the highest national ranking for equity market performance by MoniResearch Newsletter, an independent rating service, for the period 1984 to 1987. Starting in 1992, he shifted focus to high-yield corporate bonds using separately managed accounts. He is a founding member of The National Association of Active Investment Managers (NAAIM).
Since 1992, Mr. DeLaurentis has guided the Kensington Managed Income program through two major bear markets, 2000 to 2002, and 2007 to 2009 with positive outcomes in both instances. Over that time, Managed Income has compiled one of the best track records in the U.S. for a tactical high-yield bond strategy. All of the quantitative/mathematical algorithms that drive Managed Income were created by Mr. DeLaurentis who is now broadening the product suite at Kensington. The new product suite includes several equity products along with the firm’s fixed-income offerings. Mr. DeLaurentis is spearheading a new growth cycle at Kensington which entails moving the company onto an array of institutional platforms so that a broader cross-section of the investment community will be able to access Kensington’s elite risk-mitigated outcomes.
He attended the Massachusetts Institute of Technology and graduated in 1975 from Hofstra University in New York with a bachelor’s degree in economics. He was a chief warrant officer in the U.S. Army and served as a helicopter pilot. Following a tour in Vietnam from 1967 to 1968, he served as an instructor pilot. Mr. DeLaurentis is currently an Investment Advisor Representative with Advisors Preferred, LLC. and AtCap Partners, LLC, an affiliate of Advisors Preferred.
Director - Product Research & Development
Mr. Naismith has extensive knowledge in portfolio modeling techniques, and supports product development and implementation for Kensington Analytics. He began his financial industry career in 1992 and has owned and operated two RIAs, designed and managed a ’40 Act mutual fund, and consulted for a number of financial institutions. He is a published author and frequent speaker for the MTA, NAAIM, American Association of Professional Technical Analysts (AAPTA), the American Association of Individual Investors (AAII), as well as numerous other financial conferences. He is a member of AAPTA and NAAIM (served as President and Chairman). He graduated with honors from Austin College with degrees in Business, Psychology, and Sociology and was the President of Psi Chi (National Honor Society of Psychology) and Vice President of Pi Gamma Mu (National Honor Society of the Social Sciences). Mr. Naismith is currently an Investment Advisor Representative with Advisors Preferred, LLC and AtCap Partners, LLC, an affiliate of Advisors Preferred.
Ms. Tang has been with Kensington Analytics for over 14 years managing technology systems ranging from software application and programming to hardware system support. She has vast experience in website and system design, coding, programming and has taught database systems. She is in charge of database management which is critical to the success of Kensington Analytics’ quantitative research. Previously, she designed and supported IT applications for a wide range of clients, including the Information Technology System Department of the Hong Kong government, Hong Kong Stock Exchange, Eagle Star Insurance Co., HSBC Bank, Kersa Stock Trading Company, China Light & Power Limited, Phillips Electronics Company, Credit Lyonnais Securities and numerous others. Ms. Tang graduated from Coventry University, England with a BSc in Information Technology.
Mr. Sim is responsible for analysis and data infrastructure that is critical to the success of Kensington Analytics' quantitative research. His addition to the team brings a wealth of statistics and machine learning knowledge. Mr. Sim holds degrees in both Finance and Computer Science, along with a minor in Mathematics from the University of Texas at Austin. Prior to working at Kensington Analytics, Mr. Sim worked as a data scientist applying his knowledge to marketing and sales. His interests range from reading financial research to outdoor sports.
Flagship Strategy With 28-Year Track Record Of Providing Compelling Risk-Adjusted Returns In Varying Cycles
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Flagship Strategy With Track Record Of Providing Compelling Risk-Adjusted Returns In Varying Cycles - Now Accessible Via 1940 Act Fund