Former MIT Prof. Lends Algorithms To Hedge Fund

Dec 21 2011 | 2:11am ET

A former proprietary trader, a derivatives expert and an ex-Massachusetts Institute of Technology professor are behind a new algorithmic hedge fund set to launch next year.

Castilium Capital is headed by Alicia Vidler, a former senior prop. trader at Bank of America Merrill Lynch, and Guy Mitchinson, formerly of Deutsche Bank. The London-based firm will use algorithms developed by Arnold Amstutz, formerly of MIT, and hopes to raise a minimum of US$100 million by the end of its first year.

Castilium's maiden hedge fund is expected to launch in February—the firm is still awaiting Financial Services Authority approval. The fund will employ a systematic long/short equity strategy.

"We have been working on the launch for several months and given a lot of careful consideration to our team and processes," Vidler told HFMWeek. "Our aim is to create a successful and sustainable business."

In addition to Vidler, Mitchinson and Amstutz, Castilium features Michael Neff, founder of wealth management software company Monetaire, as an executive adviser.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note