DG Partners

What DG Partners does

DG Partners LLP is a London-based systematic investment management firm founded in 2002 by David Gorton. The firm specializes in systematic trend-following and discretionary global macro strategies, serving professional investors, alternative investment funds (as AIFM), and managed accounts on a global basis. DG Partners explicitly excludes retail clients and US persons who are not Accredited Investors, operating under a Non-SNI MIFIDPRU classification with authorizations from the FCA (FRN 218913), CFTC (CPO/CTA, NFA member), SEC (investment adviser), and AIFMD.

The firm's core product is the DG Systematic Trading Strategy, a pure systematic trend-following approach that blends three proprietary adaptive systems - Core Trend (launched 2006), Conviction Trend (2015), and Resolution Trend (2023) - augmented by proprietary risk modulators (2017) that dynamically reallocate capital to the most stable trends. The strategy trades 150+ global futures and FX forwards with daily liquidity terms. The complementary DG Macro product is a discretionary macro strategy offered to a select client base, run by two portfolio managers with 25+ years' experience each, expressing views through liquid directional macro trading paired with convexity.

The business model is asset-based: DG Partners earns management fees on external AUM (which exceeded $2bn in 2021, doubling from >$1bn in 2018) plus performance fees, distributed via direct institutional sales and AIF fund structures. The firm is privately held, employs 11-50 staff, and operates from London with £5,376k of own funds (CET1) as of December 2024. DG Partners became operationally independent from Brevan Howard in 2016 and has since pursued a deliberate product innovation and capital formation strategy, including a 2022 hire to lead global investor partnerships.

Name

DG Partners

Legal name

DG Partners LLP

Website

https://dgpartners.co.uk

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

DG Partners is a London-based systematic investment management firm founded in 2002, operating the DG Systematic Trading Strategy (blending three trend-following systems across 150+ global futures) and DG Macro (a discretionary macro strategy). It serves professional investors, AIFs, and managed accounts globally under multi-jurisdictional regulatory authorizations.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Commodity Contracts Intermediation (52316), Portfolio Management and Investment Advice (523940)

SIC

Commodity Contracts Brokers & Dealers (6221), Investment Advice (6282)

akta.pro primary industry

Managed Futures / CTA (Trend, Carry, Global Futures) (FSAHAEAB)

akta.pro secondary industries

Systematic Macro (Trend/CTA, Macro Quant) (FSAHABAB), Hedge Funds — Commodity Systematic/CTA (Managed Futures) (FSAHAHAC)

Keywords

• Systematic trend following
• Discretionary macro strategies
• Managed futures trading
• Alternative investment management
• Global macro investing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Discretionary Investment Management: Providing discretionary investment management services to alternative investment funds and managed accounts. The firm's principal activity is managing investments with fees likely based on AUM and performance.
2. Investment Advisory Services: Investment advisory services provided in accordance with mandates

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

DG Partners builds and runs systematic trading programs to capture repeating and novel trends across global asset classes. The firm offers two complementary strategies: a pure systematic trend-following strategy blending three proprietary trend-following systems (Core Trend, Conviction Trend, Resolution Trend) traded across 150+ global futures and FX forwards, and a discretionary global macro strategy that monetises key global themes through liquid directional macro trading paired with convexity. Services are delivered as discretionary investment management to alternative investment funds and managed accounts.

Product overview

DG Partners operates two distinct investment strategies: the DG Systematic Trading Strategy (a pure systematic trend-following approach combining three adaptive systems—Core Trend, Conviction Trend, and Resolution Trend) and DG Macro (a discretionary macro strategy). The systematic strategy trades 150+ global futures and FX forwards with daily liquidity, while the macro strategy focuses on liquid directional trades and convexity. The two strategies are complementary offerings under the DG Partners brand, serving professional investors seeking both systematic and discretionary macro exposure.

Differentiator

Problem solved

Functional benefit

Products and services

• DG Systematic Trading Strategy A pure systematic trend-following strategy combining three adaptive trend-following systems (Core Trend, Conviction Trend, and Resolution Trend) to capture repeating and novel trends across 150+ global futures and FX forwards. Blends foremost academic and behavioral theories with scientific rigor, featuring proprietary risk modulators that allocate capital to the most stable trends, daily liquidity terms for professional investors, and a goal of positively-skewed returns across market regimes.
• DG Macro A discretionary global macro investment strategy that monetises key global themes using liquid directional macro trading paired with convexity, targeting uncorrelated returns and robust downside discipline. Run by two portfolio managers each with 25+ years of macro experience, expressed exclusively through a liquid, capital-efficient toolkit that supports rapid repositioning and rigorous risk management.

Quantifiable outcome

• External AUM exceeded $1bn in 2018 and $2bn in 2021
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• BH-DG Systematic Trading LLPcoreOthersAffiliated entity part of the same investment firm group for IFPR prudential consolidation purposes. DG Partners is part of an investment firm group along with BH-DG Systematic Trading LLP. DG Partners became operationally independent from Brevan Howard in 2016.
• Simmons & Simmons LLPsupportingImplementation/ SI/ Consulting PartnerExternal legal counsel providing guidance on remuneration practices. The firm has developed its Remuneration Practices with guidance from external counsel (Simmons & Simmons LLP).

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Systematica Investments: Systematica is a systematic investment manager founded by a former BlueCrest PM, running diversified multi-strategy programmes including trend-following. Comparable to DG Partners' systematic trading product, with somewhat broader style exposure.
• Capula Investment Management: Capula is a London-based fixed income- and macro-focused hedge fund manager. Partially comparable to DG Partners' DG Macro strategy given the overlap in global macro and rates/FX trading, though with a more credit- and rates-tilted approach.

Direct peers

• Graham Capital Management: Graham Capital runs quantitative and discretionary macro programmes including systematic global macro / CTA mandates. Comparable to DG Partners in combining systematic and discretionary approaches within a single institutional platform.
• Fulcrum Asset Management: Fulcrum is a London-based systematic and discretionary manager offering both systematic trend and discretionary macro strategies to institutional clients. Directly comparable to DG Partners' dual-strategy platform.
• Winton Group: Winton is a London-based systematic investment manager running diversified, science-driven trend-following and macro programmes across global futures and FX. Closely comparable to DG Partners in systematic methodology, headquarter location, and product offering.
• Campbell & Company: Campbell & Company is a long-standing systematic trend-following CTA managing diversified global futures programmes for institutional clients. Closely comparable to DG Partners' systematic product in strategy, universe, and investor type.
• Aspect Capital: Aspect Capital is a specialist systematic trend-following / managed futures manager with a multi-decade track record. Directly comparable to DG Partners as a focused, research-led CTA serving institutional investors with diversified trend programmes.
• BlueCrest Capital Management: BlueCrest operates systematic and discretionary macro programmes including the well-known BlueTrend systematic fund. Highly comparable to DG Partners in offering both systematic trend and discretionary macro to institutional clients, with similar UK roots.
• Man Group (AHL): Man Group's AHL division is the largest pure systematic trend-following / managed futures manager globally, trading diversified futures and FX programmes. Directly comparable to DG Partners' DG Systematic Trading strategy in asset class coverage, systematic methodology, and institutional client base.

Broad incumbents

• Brevan Howard: Brevan Howard is a global macro hedge fund manager and was DG Partners' former affiliated group prior to operational independence in 2016. Highly relevant as both a direct macro peer (discretionary global macro) and a historical corporate connection.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DG Partners