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.


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