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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of