Asset allocators

[linfongyu]

Asset allocators create portfolios, often in the form of mutual funds, with the intention to turn in good results in both “bull” and “bear” markets.

(A) with the intention
(B) the intention of which is
(C) intended
(D) and intending
(E) so intended as

OA:C

If I were to rewrite this sentence, it would be:
Asset allocators create portfolios, often in the form of mutual funds, with the intent of turning in good results in both "bull" and "bear" markets.

or

Asset allocators create portfolios, often in the form of mutual funds, intending to turn in good results in both "bull" and "bear" markets.

How do I determine whether to use present or past participle?

[amitabhprasad]

I selected "C",mainly due to concision compared to "A", I am not sure if the original sentence is grammatically wrong.

For using present participle, I believe it should be used only when participle describes an action that happens at the same time as the main clause. Given that I don't think use of present participle (for the example you pasted) will be grammatically correct.