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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