{"url":"https://nivawealth.com/firms/capital-fund-management-s-a-125780","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/125780","regulatoryAum":13381701504,"crd":"125780","secFileNumber":"801-61960","legalName":"Capital Fund Management S.A.","displayName":"Capital Fund Management S.A.","website":"https://www.cfm.com","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/125780/28430b49b8b0e17b-r1.webp","tone":"light","width":556,"height":200,"sourceUrl":"https://www.cfm.com","sourceLabel":"Capital Fund Management S.a., website"},"linkedinUrl":"https://www.linkedin.com/company/capital-fund-management/","founded":null,"organization":"corporation organized in France","fiscalYearEnd":"December","headquarters":{"street":"23 Rue De L'Université","city":"Paris","state":"","stateName":"","country":"France","postalCode":"75007"},"tradeNames":[],"registration":{"secApproved":"7 April 2003","noticeFilings":0,"latestNoticeFiling":null,"inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"2003-04-07"}]}},"wealthAumPerClient":null,"staff":{"employees":348,"advisory":94,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13381701504,"discretionaryAccounts":15,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":185610143,"nonUsClientsPct":53,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"High-net-worth individuals","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Banking or thrift institutions","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Investment companies","clients":4,"regulatoryAum":665619246},{"label":"Pooled investment vehicles","clients":11,"regulatoryAum":12716082258},{"label":"Pension and profit-sharing plans","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Charitable organizations","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"State or municipal government entities","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Other investment advisers","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Insurance companies","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":0,"fewerThan5":true,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":0,"fewerThan5":true,"regulatoryAum":0}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"not_processed","checkedAt":"2026-10-16T07:21:13.752484+00:00","documents":[{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027373","versionId":1027373,"submittedOn":null}]},"custodians":[],"custodyNote":"Capital Fund Management S.A. has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jacques Sauliere","title":"Chief Executive Officer","crd":"4647329"},{"name":"Martin Tornqvist","title":"Chief Compliance Officer","crd":"5655203"},{"name":"Laurent Laloux","title":"Administrator","crd":"6836022"},{"name":"Marc Potters","title":"Chief Investment Officer","crd":"4647315"},{"name":"Jean-Philippe Bouchaud","title":"Chairman","crd":"4647328"},{"name":"Philippe Jordan","title":"Administrator","crd":"1767349"}],"ownership":[{"label":"Jacques Sauliere","detail":"Chief executive officer in the 10% to 25% ownership band and a control person, since October 2001."},{"label":"Marc Potters","detail":"Chief investment officer in the 10% to 25% ownership band and a control person, since October 2018."},{"label":"Jean-Philippe Bouchaud","detail":"Chairman in the 10% to 25% ownership band and a control person, since October 2001."},{"label":"Philippe Jordan","detail":"Administrator in the 10% to 25% ownership band and a control person, since September 2009."},{"label":"Ngi Strategic Australia Pty Limited","detail":"Shareholder in the 10% to 25% ownership band, since January 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"33149495949","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[],"privateFunds":3},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/125780/PDF/125780.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capital Fund Management S.A. have?","answer":"Capital Fund Management S.A. has 15 clients and manages $13.4 billion for them, as of March 2026. They include 11 pooled investment vehicles and 4 investment companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capital Fund Management S.A. offer?","answer":"Capital Fund Management S.A. provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Capital Fund Management S.A. have?","answer":"Capital Fund Management S.A. has 0 investment adviser representatives registered with state securities authorities, out of 348 employees, and 94 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Capital Fund Management S.A.?","answer":"Capital Fund Management S.A.’s direct owners are Jacques Sauliere, Marc Potters, Jean-Philippe Bouchaud, Philippe Jordan and Ngi Strategic Australia Pty Limited, each holding 25% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capital Fund Management S.A. get paid?","answer":"Capital Fund Management S.A. is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}