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 finance.
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...
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