Capital Fund Management
Raphael Benichou was born in 1983. He graduated from Ecole Polytechnique in 2006. In 2009 he obtained a PhD in Theoretical Physics from Ecole Normale Superieure, his domain of expertise being Superstring Theory. He joined CFM’s research team in 2012.
This paper offers a new perspective on portfolio allocation, which avoids any explicit optimization and instead takes the point of view of symmetry.