Equinox Improves Management Structure
DENVER, CO - March 14, 2007- Equinox Fund Management LLC, co-sponsor of The Frontier Fund family of managed futures funds, today announced enhancements to senior management, reflecting the company’s growing size, maturity and sophistication.
Effective immediately, Richard E. Bornhoft becomes Chairman of the Board and Chief Investment Officer, responsible for the critical research and asset allocation functions of the firm. Replacing him as President and Chief Executive Officer is Robert J. Enck, who will lead the operational and management duties of Equinox and Frontier.
“The Frontier Fund, launched by Equinox in 2004, now has more than $400 million under management, a testament to our success in attracting investors to the large and growing managed futures asset class and our family of eight managed futures funds,” said Mr. Bornhoft. “Given our size and considerable momentum, the time is right for me to focus more of my time on investment management while remaining as active as ever within the firm.”
The incoming President and CEO, Robert Enck, comes to Equinox with substantial senior level management experience, mostly in the health care industry, which, like financial services, is a highly-regulated field. His impressive management and entrepreneurial skills have been honed with large companies such as Bristol-Myers Squibb and also fast-growing venture-funded organizations. Most recently, he served as Senior Managing Director with The Hermes Group LLC, a merchant banking and corporate advisory firm providing strategic advisory services including interim executive management, business valuations, and acquisition and divestiture services.
“We are extremely fortunate to have been able to recruit someone of Bob’s caliber to run the day-to-day operations of the company, which are increasingly complex and demanding,” said Mr. Bornhoft. “Bob’s experience and track record will be of great value to all of us.”
“Richard Bornhoft and the team at Equinox have created a strong and innovative organization that is well-positioned for future growth,” said Mr. Enck. “I look forward to working with Richard and the entire team and am delighted at the opportunity to contribute to the firm’s ongoing success.”
The Frontier Fund (http://www.thefrontierfund.com) is a family of eight managed futures funds sponsored by Equinox Fund Management LLC. Frontier managed futures funds are publicly available to non-accredited investors in most states. The Frontier Fund is offered through many of the largest and most prominent broker/dealers in America, as well as through independent investment advisors, and is on several institutional platforms.
Contact: Julia Wiltshire
Equinox Fund Management, LLC
303-837-0600 or jwiltshire@equinoxllc.com