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 strong risk-adjusted returns, but just as importantly, the confidence that comes with knowing that we strive to protect principal in adverse market conditions. Our flagship strategy, the Kensington Managed Income Strategy (formerly the High-Yield Bond Strategy), dates back to 1992 and boasts nearly three decades of impressive, verified performance. 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. In 2020, Kensington made its Dynamic Growth approach available via a separate account and mutual fund. 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.
Mr. Flebotte serves as Executive Director and Chief Compliance Officer of Kensington Analytics. In this role, he is responsible for strategic oversight, product development, and risk management of the firm.
Previously, Mr. Flebotte served as Director, Due Diligence for ProEquities, Inc., an independent Broker/Dealer. In this role, he was responsible for spearheading ProEquities’ due diligence efforts across all product lines by overseeing the firm’s team of analysts, serving as facilitator of the firm’s Product and Investment Committees, and ensuring all due diligence policies and procedures were in line with industry best practices. As a Senior Leadership Team member, Mr. Flebotte also led the firm’s launch of a comprehensive Enterprise Risk Management strategy for the Broker/Dealer.
Mr. Flebotte is a graduate of the University of Alabama at Birmingham, receiving a degree in Finance with honors from the UAB Collat School of Business.
Mr. Sommerstad is responsible for overall strategy and positioning of Kensington’s product suite. In this role, his responsibilities include portfolio construction and risk management of the investment portfolios. Mr. Sommerstad brings a wealth of knowledge and operations expertise from his previous experience working in the pension and endowment field.
Prior to working at Kensington Analytics, Mr. Sommerstad spent ten years at Cargill, Incorporated as a manager within Cargill’s pension, foundation and 401k plans along as a senior analyst within their hedge fund subsidiary. Mr. Sommerstad holds degrees in both Finance and Economics and graduated magna cum laude from the University of St. Thomas. His interests range from outdoor activities with his family to playing sports.
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.
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.
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