Hart-Bornhoft, Inc. is established by Richard Bornhoft and Patrick Hart as an investment management firm specializing in multiple-CTA portfolios for institutions and high net worth investors. In addition to actively managing multiple-CTA portfolios, the company begins developing proprietary analytical software for asset allocation within the portfolios, as well as its database of CTA’s. The company is renamed The Bornhoft Group Corporation in 1997.