France sees new quant manager Aequam Capital
Arnaud Chrétien (former quantitative manager for the sovereign fund Abu Dhabi Investment Authority, and later the Global CTA desk at SGAM AI) has set up Aequam Capital, an independent, quantitative fund management company, based in Paris.
The first company to be incubated by the Institut Louis Bachelier, the Institute of Finance Paris-Europlace, Finance Innovation and la Fondation du Risque, Aequam Capital has established itself in the Palais Brongniart, tapping the modeling and quant experience developed among French academic institutions.
Comprising nine experienced staff, Aequam Capital will offer a range of quantitative and systematic investment funds to capitalize on trends and investment opportunities in major futures markets in interest rates, stock indices, currencies and commodities.
The funds will target institutions, family offices, private banks, wealthy individuals and fund of funds, with an alternative investment in terms of risk, diversification and uncorrelated returns.
Controlled 90% by its partners, Aequam Capital is the realization of a collective and entrepreneurial project to develop a coherent range of quantitative management programs, Chretien said.
“A focus on innovation and R&D is at the heart of our methodology. Driven by predefined risk constraints, the performance of the funds is both a consequence and a reward for the use of the dynamically allocated risk budget.”
The first quant fund is Aequam Diversified Fund, a contractual investment fund. The management team uses a proprietary quantitative tool (DynA: Dynamic Risk Allocator), whose role is to dynamically allocate the risk of the portfolio, across about fifty futures markets in four asset classes (equity indices, commodities, interest rates and currencies). DynA exploits trends by giving buy and sell orders on a daily basis.