Caissa Capital was a
hedge fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as ...
founded by
Jonathan Kinlay
Jonathan Kinlay is a quantitative researcher and hedge fund manager. He is founder and CEO of Systematic Strategies, LLC, a systematic hedge fund that deploys high-frequency trading strategies using news-based algorithms.
Kinlay was the founder a ...
in 2002, based on his research on
volatility arbitrage In finance, volatility arbitrage (or vol arb) is a term for financial arbitrage techniques directly dependent and based on volatility.
A common type of vol arb is type of statistical arbitrage that is implemented by trading a delta neutral po ...
in the late 1990s. In addition to Kinlay, who was head of research and
portfolio management, the management team comprised International Chess Grandmaster
Ron Henley as head of trade execution and
Paul Wilmott
Paul Wilmott (born 8 November 1959) is an English researcher, consultant and lecturer in quantitative finance.[Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...](_blank)
, was ranked by
Fimat {{Infobox company
, name = Fimat
, logo = FimatTagline.jpg
, logo_size = 180px
, type = Subsidiary
, company_slogan =
, foundation = June 1986,
, location = Paris, France
, key_people = Patrice Blanc ( Chairman) Françoi ...
as the top performing fund in its class in 2004, but closed shortly after Kinlay's departure.
In August 2004, Kinlay sold his interest in Caissa to his partners in order to focus on his
statistical arbitrage In finance, statistical arbitrage (often abbreviated as ''Stat Arb'' or ''StatArb'') is a class of short-term financial trading strategies that employ mean reversion models involving broadly diversified portfolios of securities (hundreds to thousa ...
fund, but later brought a lawsuit against them, alleging that they had conspired to cause the collapse of the fund in order to establish their own competing fund. The lawsuit was settled in 2010.
In 2017, an unrelated international
restructuring company called Caissa Capital was founded by Grant Lyon, Craig Hansen and
Peter Kaufman.
References
External links
Investment AnalyticsProteom CapitalAlgorithmic Execution, LLC
Hedge funds
Defunct hedge funds
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