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 a reports.
The firm has signed a long-term lease for 23,000 square feet across two floors at 510 Madison Avenue, relocating its New York office further uptown in Midtown East. The move reflects what President Philippe Jordan calls 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, but 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 roots in the US 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 institutionally focused, CFM is now also 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% YTD through June. Its flagship Stratus Fund, up 8.7% in H1, remains hard-closed.
Despite their complexity, quantitative hedge fund strategies are increasingly gaining traction with non-institutional investors — a shift aided by broader public understanding of AI and data science.
