Blend of science and finance sparks Paris quant firm CFM
Mon Jul 23, 2012
Capital Fund Management, the $5.7 billion French quantitative investment group, has overcome setbacks that might have sunk many other firms to become a leader in global systematic trading, with a culture that is rooted as much in scientific academic research as in investment or trading acumen
Jean-Philippe Bouchaud’s job titles say a great
deal about the firm that he jointly runs.
As the 'chairman and chief scientist’ of
Capital Fund Management, the Paris-based quantitative hedge
fund group that he has helped to lead since the death of
CFM’s founder and his long-time business partner
Jean-Pierre Aguilar in a gliding accident in 2009, Bouchaud
embodies a firm whose DNA is rooted as much in science as in
And the firm’s strong academic culture is
further reflected in the collegiate leadership structure that
has been in place since Aguilar’s death –
with Bouchaud being one of a quadrumvirate that manages the
firm, together with co-CEOs Marc Potters and Jacques
Saulière and New York-based Philippe Jordan, president
of CFM International.
Indeed the name of the research firm that Bouchaud and
Aguilar jointly set up back in 1994...
ISSN: 2151-1845 / CDC10004H
The full contents of this article are only available to active EuroHedge subscribers and trialists.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to EuroHedge.
Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.