Capital Fund Management
Capital Fund Management (CFM) is a quantitative investment firm that uses scientific methods and machine learning to develop alternative investment strategies across global markets. Founded in 1991, CFM has offices in Paris, New York, and London, and is committed to sustainability and academic partnerships.
History
Capital Fund Management (CFM) was founded in 1991 and became one of the first pioneers in quantitative and systematic investing. Over the years, the company has launched various investment programs and expanded its presence by opening offices in key financial hubs such as Paris, New York, and London.
Investment Strategies
CFM employs a scientific approach to finance, using quantitative techniques and machine learning to develop alternative investment strategies. The company offers several program-based investments including Stratus, a multi-strategy alpha program, Discus, a multi-asset futures program, Systematic Global Macro (SGM), which trades liquid futures and credit indices, and Cumulus, which combines market-neutral and directional alpha-driven strategies. Additionally, CFM offers Trend Following programs and a climate-transition equity market-neutral strategy called QUASAR.
Data and Technology
CFM analyzes and stores terabytes of data daily, leveraging scientific and academic methods to identify trading signals in global financial and alternative data. The company has a dedicated execution research team and an extensive proprietary trading database. A team constantly monitors trading portfolio risk using proprietary monitoring systems and software.
Sustainability Efforts
CFM is committed to sustainability, supported by its adherence to best responsible investment practices and a dedicated sustainability report. The company has been a signatory of the PRI since October 2018, a member of the Carbon Disclosure Project (CDP) since 2019, joined Climate Action 100+ in 2020, and participates in the Systematic Responsible Investments Group. Since January 2021, CFM has been a member of the FAIRR investors' network.
Academic Partnerships and Research
CFM supports fundamental research through various academic partnerships and its own foundation. It has partnered with École normale supérieure for the CFM-ENS Data Science Chair and with École Polytechnique to apply scientific techniques to financial markets. The company also collaborates with Columbia University's Program for Economic Research to explore the use of alternative data in financial markets. Additionally, CFM's CFM Foundation invests in scientific research and promotes diversity through initiatives like the 'Women in Quantitative Finance' scholarship program.