Caissa Capital was a
hedge fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...
founded by
Jonathan Kinlay 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 people, English researcher, consultant and lecturer in quantitative finance.[Bank of America
The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...](_blank)
, was ranked by
Fimat 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 (finance), mean reversion models involving broadly diversified portfolios of securities (h ...
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
Defunct hedge funds
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