Founder & Lead Portfolio Manager
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 Kensington Asset Management.
Co-Portfolio Manager
Mr. Flebotte serves as Co-Portfolio Manager. 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.
Co-Portfolio Manager
Mr. Sommerstad serves as Co-Portfolio Manager. He 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 Asset Management, 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.
Co-Portfolio Manager
Mr. Sim serves as Co-Portfolio Manager. He is responsible for analysis and data infrastructure that is critical to the success of Kensington Asset Management's 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 Asset Management, Mr. Sim worked as a data scientist applying his knowledge to marketing and sales. His interests range from reading financial research to outdoor sports.
We specialize in data-driven, quantitative decision models that apply to the equity and fixed income markets. Since the Kensington name was adopted in 1984, we have relied on a quantitatively-driven investment decision process. Our philosophy has been shaped by the formative trading experience of Kensington’s founder, Bruce P. DeLaurentis, and enhanced by the skills and expertise of our asset management team.
Bruce began developing his quantitative approach while serving as a registered representative with a brokerage firm. After seven years of development, testing, and refinement, Kensington was officially launched. Kensington’s quantitative methodology achieved recognition early on.
In 1992, Kensington launched its flagship Managed Income Strategy. Originally known as the High-Yield Bond Strategy, this risk-managed approach to fixed income has provided compelling risk-adjusted returns for three decades.
In 2019, Kensington embarked on an expansion of its products and services to better serve individual investors with the launch of its first daily liquid mutual fund, the Kensington Managed Income Fund (KAMIX). This fund, managed in a substantially similar manner as the Managed Income Strategy, makes our quantitative approach available in a much broader, accessible way.
In 2020, we made our Dynamic Growth Strategy available via a separate managed account and a mutual fund, the Kensington Dynamic Growth Fund (KAGIX).
In 2022, we launched our third mutual fund, the Kensington Active Advantage Fund (KADIX), which opportunistically allocates across both equity and fixed income asset classes.
It is our mission to have the same emphasis on a risk-averse, quantitatively driven approach being applied to a well-rounded and diverse choice of investment options. We are embarking on an expansion of our services to encompass a growing array of investment strategies that will expand our products to include additional asset classes.
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