Key Takeaways
- • Capital Fund Management (CFM), the Paris-based quantitative hedge fund manager with over $19bn in AUM, has signed a long-term lease for 23,000 square feet across two floors at 510 Madison Avenue, moving its New York office further uptown to Midtown East.
- • CFM expects its US headcount to more than double from about 40 professionals to 100 over the next five years, spanning engineering, infrastructure, research, marketing, and investor relations.
- • Around 50% of CFM's AUM is currently allocated to US markets, which President Philippe Jordan describes as "the deepest and most liquid in the world."
- • CFM is building a private wealth presence through partnerships with Stifel and iCapital, distributing select strategies including the Discus Fund (up 5.9% YTD through June) while its flagship Stratus Fund (up 8.7% in H1) remains hard-closed.
Summary
Capital Fund Management (CFM), the Paris-based quantitative hedge fund manager with over $19bn in AUM, is relocating its New York office as part of a significant push to expand its North American investment and fundraising operations, according to Hedgeweek. The firm has signed a long-term lease for 23,000 square feet across two floors at 510 Madison Avenue in Midtown East.
President Philippe Jordan characterizes the move as a "significant build-out" in the US, an effort to replicate the firm's 300-person Paris headquarters structure in New York. Currently, CFM employs about 40 professionals in the US. Jordan expects headcount to more than double to 100 over the next five years, with roles across engineering, infrastructure, research, marketing, and investor relations.
The firm's US roots run deep. Its earliest backers in the 1990s were based in New York and Chicago, and today around 50% of its AUM is allocated to US markets, which Jordan describes as "the deepest and most liquid in the world."
While historically focused on institutional investors, CFM is now building a presence in the private wealth channel. Since early 2025, the firm has partnered with Stifel and iCapital to distribute select strategies, including the Discus Fund, which is up 5.9% year-to-date through June. Its flagship Stratus Fund, up 8.7% in the first half of the year, remains hard-closed. The report notes that quantitative hedge fund strategies are increasingly gaining traction with non-institutional investors, a shift aided by broader public understanding of AI and data science.
President Philippe Jordan characterizes the move as a "significant build-out" in the US, an effort to replicate the firm's 300-person Paris headquarters structure in New York. Currently, CFM employs about 40 professionals in the US. Jordan expects headcount to more than double to 100 over the next five years, with roles across engineering, infrastructure, research, marketing, and investor relations.
The firm's US roots run deep. Its earliest backers in the 1990s were based in New York and Chicago, and today around 50% of its AUM is allocated to US markets, which Jordan describes as "the deepest and most liquid in the world."
While historically focused on institutional investors, CFM is now building a presence in the private wealth channel. Since early 2025, the firm has partnered with Stifel and iCapital to distribute select strategies, including the Discus Fund, which is up 5.9% year-to-date through June. Its flagship Stratus Fund, up 8.7% in the first half of the year, remains hard-closed. The report notes that quantitative hedge fund strategies are increasingly gaining traction with non-institutional investors, a shift aided by broader public understanding of AI and data science.
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