Investing involves risk, including possible loss of principal. Read the prospectus carefully before investing.

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ABOUT US

Meet the People Behind the Process.

Hull Tactical is an independent, privately owned firm focused on quantitative asset management.

Our team brings together decades of trading experience with backgrounds in mathematics, financial engineering, computer science, quantitative research, portfolio management, and market implementation. That mix of disciplines shapes how we research markets, build systematic strategies, and manage HTUS.

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Decades in the Markets Led Here.

Hull Tactical grew out of a long history of quantitative trading and market innovation.

Founder and Chairman Blair Hull began building systematic approaches to trading decades before quantitative investing became mainstream. In 1985, he founded Hull Trading Company, where technology and quantitative models were used in listed derivatives market-making across global markets.

After Hull Trading was acquired by Goldman Sachs in 1999, Blair founded Hull Investments. In 2013, he founded Hull Tactical, bringing that experience in quantitative trading into asset management.

HTUS launched in June 2015 as Hull Tactical’s first public investment product.

  1. 1985

    Hull Trading Company founded

  2. 1999

    Hull Trading Company acquired by Goldman Sachs
Hull Investments founded

  3. 2013

    Hull Tactical founded

  4. June 2015

    HTUS launches

  5. January 2020

    HTUS switches benchmarks from 60/40 portfolio…to 100% large cap equity product.

  6. May 2025

    HTUS crosses $100m in assets under management

Research Is Part of the Culture.

Hull Tactical’s research does not stop inside the investment process.

Members of the team publish papers, write books and articles, study market anomalies, and contribute to the broader conversation around quantitative investing, options, market timing, and return predictability.

The goal is the same whether the work becomes a model input, a published paper, or a new research question: test ideas against evidence and keep challenging the assumptions behind them.

Quantitative models can be wrong, relationships can change, and markets can reverse quickly. A tactical strategy may reduce exposure before a market advance, remain exposed during a decline, or otherwise respond differently than intended.

Explore Research & Insights

Meet the Hull Tactical Team.

Blair Hull

Founder & Chairman

Blair Hull has spent decades at the intersection of trading, technology, and quantitative modeling.

He founded Hull Trading Company in 1985 and built the firm into a global derivatives market-making business before its acquisition by Goldman Sachs in 1999. He later founded Hull Investments and created Hull Tactical Asset Allocation in 2013.

His experience in systematic trading and quantitative markets helped establish the foundation from which Hull Tactical and HTUS were built.

Blair Hull

Petra Bakosova

Chief Executive Officer

Petra Bakosova leads Hull Tactical and serves as Portfolio Manager for HTUS.

Her background spans algorithmic trading, mathematical modeling, quantitative research, and risk management. She joined Hull Investments in 2014 and has helped shape Hull Tactical and its research since before the launch of HTUS.

Petra holds a Master of Science in Financial Mathematics from the University of Chicago.

Petra Bakosova

Euan Sinclair

Senior Financial Engineer

Euan Sinclair is a trader, researcher, and author with more than 25 years of professional options-trading experience.

He holds a Ph.D. in theoretical physics from the University of Bristol and has written three books on volatility and options trading, along with numerous papers and articles. He also serves on the editorial board of The Journal of Investment Strategies.

Euan Sinclair

The Team Behind the Research and Implementation.

Harold Janecek

Director of Business Development

Aishvi Shah

Financial Engineer

Laurent Lanteigne

Financial Engineer

Lucía Mondaray Travieso

Financial Engineer

Baptiste Peron

Financial Engineer

Petri Fast

Chief Operating Officer

Amy

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The Infrastructure Around HTUS.

Managing an ETF involves more than investment research and portfolio decisions.

Hull Tactical Funds works with specialized organizations across fund administration, trading technology, liquidity, exchange infrastructure, sentiment data, and investor services.

Ultimus Fund Solutions

Ultimus Fund Solutions

Fund administration, accounting, transfer-agent, and investor-servicing support

SpiderRock

SpiderRock

Trading technology, execution, and risk-management infrastructure

GTS

GTS

Market liquidity

CBOE

CBOE

Exchange listing and market infrastructure

MarketPsych

MarketPsych

Financial sentiment data

BBH

BBH

Investor services, custody, accounting, administration, and execution support

How the Research Reaches the Portfolio.

HTUS evaluates a broad set of quantitative signals, combines them into the Market Sentiment Score, and uses that score to help guide the Fund’s target U.S. equity exposure.

The portfolio team then implements and oversees the Fund in accordance with its governing documents.

See How HTUS WorksSee Today’s Market Sentiment

A Few Quick Answers.

What Is Hull Tactical?

Hull Tactical is an independent, privately owned quantitative asset-management firm and the investment adviser behind HTUS.

What Is HTUS?

HTUS launched in June 2015 as Hull Tactical’s first public investment product.

Who Manages HTUS?

Petra Bakosova leads Hull Tactical and serves as Portfolio Manager for HTUS.

When Did HTUS Launch?

HTUS launched in June 2015 as Hull Tactical’s first public investment product.

Where Can I Learn More About the Strategy?

See How HTUS Works See Today’s Market Sentiment

The Work Keeps Evolving.

Markets change. Data changes. Relationships that once appeared useful can weaken or disappear.

That makes ongoing research part of the responsibility of running a quantitative investment firm.

Hull Tactical continues to test existing ideas, investigate new ones, and evaluate how its models behave in changing market environments. The objective is not to treat a model as finished, but to maintain a disciplined research process around the strategies the firm manages.

Talk With the Team Behind HTUS.

If you want to understand the strategy more deeply, talk directly with the Hull Tactical team.

We can walk through the investment process, current Market Sentiment, HTUS, and the considerations involved in evaluating or implementing an allocation.

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