![]() However, business school graduates need not apply: Most of the firms skilled people hold advanced degrees in physics, math or computer science. CFM further explains that it relies on the in-depth statistical analysis of terabytes of financial data for asset allocation, trading decisions and order execution.Ĭapital currently has offices in Paris, New York and Tokyo, and more than 100 employees. The firm says on its website that its automated trading systems are based on a statistical analysis of price fluctuations in the futures, equity, bonds and options markets. It was founded in 1991 by Jean-Pierre Aguilar, who died in 2009 at the age of 49 in a gliding accident in the French Alps.ĬFM is one of a number of so-called systematic investment managers, which use sophisticated algorithms to trade stocks with powerful computers. And it made money in eight of the first ten months, according to one confidential hedge fund database.ĭiscus is one of four funds managed by Paris-based, quantitative-driven hedge fund firm Capital Fund Management, which has between $3 billion and $4 billion under management. The quantitative fund is up more than 23 percent this year, exceeding most hedge funds. However, one hedge fund that has been surging all year is Capital Fund Managements Discus fund. The stock markets recent rally is giving hope to many hedge funds currently losing money this year that they may be able to wind up in the black by the end of 2011.
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