The French quant hedge fund expands into China with a new office, eyeing local investor access and diversification opportunities.
Capital Fund Management (CFM) has launched a Shanghai office in Citigroup Tower, marking its entry into China’s growing financial markets. The office, operational since early May, currently employs two staff focused on data and engineering to support trading activities in Chinese markets.
CFM manages approximately $27bn in assets, up from $19bn in October, following a $2bn return from its Stratus fund last year to manage growth. The firm is exploring domestic funds for Chinese investors and feeder vehicles to offer access to its offshore products.
The move aligns with rising investor appetite for quantitative strategies, with CFM’s Stratus fund up 4.8% in the first four months of 2024 despite a slight dip in April.