Capital Fund Management S.A. (Paris)


Capital Fund Management S.A. is a large advisory firm based in Paris. It manages $7.19 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2003.

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Capital Fund Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Capital Fund Management: assets under management

The assets under management (AUM) of Capital Fund Management S.A. is $7.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3843% since the beginning of its operation, and $5.43 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $7.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $449.42 million each.

Investments

The firm invests in derivatives the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capital Fund Management S.A. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jean Philippe Bouchaud serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Jean Philippe Bouchaud is pooled investment vehicles with 15 clients and $7.05 billion of assets under management. Among the 9 most similar advisory firms, Capital Fund Management has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $7.19 billion for 16 clients. 69% of the firm’s clients are foreign persons or businesses.

Capital Fund Management also advises several private funds. Namely, fifteen hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $120,000,000.

Careers at Capital Fund Management S.A.

The company employs 209 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jean Philippe Bouchaud has been acting as President since 1 Oct 2001. Laurent Marie Laloux joined the executive team most recently as the Administrator.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Cfm Holding S.A. Shareholder 1 Jan 1991 75% - 100% 380 654 871
Alphane (Ex Cfm Holding S.A.) Shareholder 1 Jan 1991 75% - 100% 380 654 871
Marc Potters Co chief executive officer 1 Oct 2001 Other 4647315
Jean Philippe Bouchaud Chairman 1 Oct 2001 Other 4647328
Jacques Sauliere Co chief executive officer 1 Oct 2001 Other 4647329
Jean Philippe Marielle Bouchaud Chairman 1 Oct 2001 Other 4647328
Jacques Charles Sauliere Co chief executive officer 1 Oct 2001 Other 4647329
Jean Pierre Aguilar Ceo 1 Oct 2001 Other 4647314
Benjamin Filippi Chief technology officer 1 Jan 2006 Other 5122764
Martin Waldemar Tornqvist Chief compliance officer 1 Jul 2008 Other 5655203
Philippe Bruno Jordan Administrator 1 Sep 2009 Other 1767349
Dyal Capital Partners (B) Lp Shareholder 1 Dec 2011 Other 46-0525084
Laurent Marie Laloux Administrator 1 Jun 2017 Other 6836022

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Jean Pierre Aguilar Ceo 1 Jan 1991 50% - 75% 4647314

Based in Paris

The principal office where Capital Fund Management S.A. performs its advisory services is located at 23 Rue De L'université, Paris, 75007, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number +33-1-4949 5949 or by fax +33-1-4770 1740. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at cfm.fr.