Bulletin: CFM funds soar, Two Seas founder joins podcast, Diggle eyes launch


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CFM’s quant range soars in 2024

Capital Fund Management, the French quant firm, capitalised on market volatility to post a series of double-digit gains last year.

CFM’s biggest fund, Stratus, made 14.2% in its quant multi-strategy approach, according to a person familiar with the returns. Assets have hit a peak of $16.7bn, consolidating its position as one of the ten largest quantitative hedge fund managers globally. Read more.

$1bn+ Two Seas Capital founder speaks to AFI

Two Seas Capital, the Rye, NY-based event-driven hedge fund, passed $1bn in firm-wide assets at the start of December. Founder Sina Toussi features on the latest episode of the AFI podcast.

Toussi shares perspectives on his investment approach, examples of successful trades and 2025 priorities. Read more.

Diggle eyes fundraise

Hedge fund manager Steve Diggle, currently running family office Vulpes Investment Management, is looking to $250m for a new fund. The volatility trader made a fortune in the years leading up to the financial crisis and is seeking up to $250m this year (Bloomberg). Check out the AFI launch tracker.