Hedge Fund CFM Opens Office in Shanghai, Assets Top $27 Billion

French quantitative hedge fund Capital Fund Management has opened an office in Shanghai, following in the footsteps of peers in establishing a presence in the world’s second-largest economy.

CFM’s new office in the Citigroup Tower opened earlier this month, president Philippe Jordan said in an interview. The outpost, which currently has two staff, is starting as a data and engineering base to enhance CFM’s ability to trade Chinese markets, he said.