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Capital Fund Management

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Capital Fund Management
IndustryInvestment Management
Founded1991; 33 years ago (1991)
Headquarters
Key people
Jean-Philippe Bouchaud
AUM$11 billion (as of May 2018)
Number of employees
Over 200 (as of May 2018)
Websitewww.cfm.fr

Capital Fund Management (CFM) is a global asset management company based in Paris with offices in New York City, London, Tokyo and Sydney. CFM takes a scientific and academic approach to finance, using quantitative and systematic techniques to develop alternative investment strategies and products for institutional investors and financial advisers. CFM has over 200 employees worldwide[1] and manages $11 billion as at May 2018.

History

Founded in 1991 by Jean-Pierre Aguilar and Bruno Combier,[2] CFM merged in 2000 with Science & Finance, a company founded in 1994 by Jean-Philippe Bouchaud as the research arm of CFM and an early pioneer in quantitative and systematic investment strategies. CFM's longest running programs use a multi-strategy, multi-asset approach to investing. In 2013 CFM broadened its offering with a range of alternative beta programs applying quantitative and systematic techniques to well-documented alternative investment strategies.

People

Since the death of Jean-Pierre Aguilar in July 2009 the company has been managed by Jean-Philippe Bouchaud, Philippe Jordan, Marc Potters and Jacques Saulière. Laurent Laloux joined the board in 2017.[3]

CFM maintains strong links with academia. Jean-Philippe Bouchaud maintains a position as Professor of Physics at École Polytechnique and is a member of the French Academy of Sciences.

Partnership with Imperial College

The CFM-Imperial Institute of Quantitative Finance was established in 2014 through a partnership between Imperial College's Mathematical Finance Group and CFM, with the objective of promoting interdisciplinary research focusing on understanding financial market complexity, quantitative modelling and the management of financial risks.[4]

Partnership with École normale supérieure (ENS)

In 2016, CFM announced that, through the CFM Foundation for Research, they had funded a new research chair in Modelling and Data Science at the École normale supérieure (ENS) in Paris. The aim is to provide ongoing support to the academic community to conduct research into data science techniques across a range of disciplines. Therefore this research chair is focused on a multidisciplinary approach to data science and modelling, and works in collaboration with the departments of biology, economics, computer science, geophysics, physics, cognitive sciences and humanities.[5]

CFM Foundation for Research

In 2009 CFM created the CFM Foundation for Research to support the academic community by making direct contributions to research projects in a broad range of disciplines beyond the company's core focus of investment management. The Foundation provides scholarships for PhD research projects, assists in the publication of academic papers, and helps with the organisation of symposiums.

References

  1. ^ "Capital Fund Management (CFM)". LinkedIn. Retrieved April 18, 2018.
  2. ^ "Bruno Combier". LinkedIn. Retrieved March 8, 2020.
  3. ^ "Laurent Laloux joins the CFM board".
  4. ^ "CFM-Imperial Institute of Quantitative Finance".
  5. ^ "CFM ENS Data Science Chair".