Capital Fund Management S.A.
- Regulatory AUM
- $13.4B
- Discretionary
- $13.4B
- Clients
- 15
- Avg AUM / client
- $892M
- Accounts
- 15
- Employees
- 348
AUM over time
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 0 | $0 | — |
| High net worth individuals | 0 | $0 | — |
| Banking or thrift institutions | 0 | $0 | — |
| Investment companies | 4 | $666M | 4.97% |
| Pooled investment vehicles (non-investment companies) | 11 | $12.7B | 95.0% |
| Pension and profit sharing plans | 0 | $0 | — |
| Charitable organizations | 0 | $0 | — |
| State or municipal government entities | 0 | $0 | — |
| Other investment advisers | 0 | $0 | — |
| Insurance companies | 0 | $0 | — |
| Sovereign wealth funds and foreign official institutions | 0 | $0 | — |
| Corporations and other businesses | 0 | $0 | — |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $10.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Stratus Master Limited master | Hedge Fund | Cayman Islands | $10.0B | 357 |
| Cfm Cumulus Master Limited master | Hedge Fund | Cayman Islands | $75.8M | 5 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bouchaud, Jean Philippe, Marielle | Chairman | Oct 2001 (25y) | 10% – 25% | |
| Sauliere, Jacques, Charles | Chief Executive Officer | Oct 2001 (25y) | 10% – 25% | |
| Tornqvist, Martin, Waldemar | Chief Compliance Officer | Jul 2008 (18y) | Less than 5% | |
| Jordan, Philippe, Bruno | Administrator | Sep 2009 (17y) | 10% – 25% | |
| Laloux, Laurent, Marie | Administrator | Jun 2017 (9y) | Less than 5% | |
| Potters, Marc | Chief Investment Officer | Oct 2018 (8y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ngi Strategic Australia Pty Limited | Shareholder | Jan 2021 | A | 10% – 25% |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $10.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Stratus Master Limited | Hedge Fund | $10.0B | $100K | 357 |
| Cfm Cumulus Master Limited | Hedge Fund | $75.8M | $100K | 5 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 2.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: VIOLATION OF THE NOTIFICATION REQUIREMENT UNDER SECTION 3-14 OF THE NORWEGIAN SECURITIES TRADING ACT ("NSTA"), CF. REGULATION (EU) NO 236/2012 ("SHORT SELLING REGULATION" OR "SSR") ARTICLE 5 CF. ARTICLE 9, BY NOT NOTIFYING FINANSTILSYNET OF THE RELEVANT NET SHORT POSITIONS (SEE SECTION 3) CORRECTLY AND/OR WITHIN THE DEADLINE IN ACCORDANCE WITH THE SSR. Status: Final Sanction Detail: N/A Summary: A COMBINATION OF A NEW IT PROJECT RELATED TO SHORT SELLING DISCLOSURES AND HUMAN ERROR CAUSED CFM TO FAIL TO NOTIFY 6 SHORT POSITIONS CORRECTLY AND/OR WITHIN THE DEADLINE (T+1, 3:30 PM LOCAL). CFM HIGHLIGHTED TO FINSANSTILSYNET THAT SHORT POSITION REPORTING ACROSS EUROPE (INCLUDING NORWAY) IS A LARGELY MANUAL PROCESS, AND THAT THESE VIOLATIONS HAPPENED IN THE CONTEXT OF A LOWERED SHORT SELLING REPORTING THRESHOLD IMPOSED BY EU REGULATORS TO STEM MARKET INSTABILITY IN THE WAKE OF COVID-19 - LEADING TO A DOUBLING OF CFM'S SHORT SALE DISCLOSURES COMPARED TO THE PREVIOUS YEAR. FINSANSTILSYNET IMPOSED A PENALTY OF NOK 40,000 (APPX USD 4,800) WHICH CFM PAID PROMPTLY.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $136M (2% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗