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CFAH Meeting - Perry Kaufman "Pairs Trading, 3 Ways"

Event Description

Perry J. Kaufman


Perry J. Kaufman is a financial engineer, well-known for developing algorithmic strategies for the global equity and futures markets. Beginning as a “rocket scientist” in the Aerospace Industry, where he worked on the navigation and control systems for Gemini, Mr. Kaufman has applied his broad knowledge and experience in computers and technology to trading methods and risk analysis for institutional and commercial applications. His expertise includes a wide range of applications, including short-term trading in cash and futures markets, market neutral strategies in equities and futures, FX carry, portfolio risk management, leverage overlays, and mutual fund timing.

In addition to the development of unique price theories, the research process itself has resulted in closing the gap between theoretical and actual results, a necessary step in yielding robust trading models. Mr. Kaufman created a portfolio optimization program that operates on disjoint equity series output from a trading environment, a process that cannot be solved using traditional portfolio theory.

Mr. Kaufman is the author of Trading Systems and Methods, 5rd Edition (Wiley, 2013), first published in 1978, a book that has been called “remarkably insightful,” “the most authoritative and comprehensive work” in the industry; it puts the process of research and development into a “cohesive framework.” Alpha Trading, published in 2011, focuses on market neutral strategies, offering investors an alternative to directional price exposure. In 2003 he published A Short Course in Technical Trading [Wiley, 2003], based on a graduate finance course that he taught at Baruch College.

As a Principal of Man-Drapeau Research (Singapore) from 1992 through 1998, Mr. Kaufman created the proprietary trading program that yielded a superior performance in the derivatives industry. He was head of systems research and trading at Transworld Oil, Ltd. (Bermuda) from 1981 to 1991. Among his clients have been major international commercial firms, large security houses, and a Central Bank. He developed the first and most successful futures management program for Prudential‑Bache; he estab­lished the research department and assessed corporate risk for other major Wall Street firms. As a partner in a mid‑west farm management firm, he developed expertise in commer­cial hedging. Since 2000 he has worked with Cinergy Capital, Graham Capital, Mizuho Alternative Investments, and other financial institutions.

Mr. Kaufman was the first Chairman of the Advisory Board of the Vermont Securities Institute, has served on the Director's Committee of Columbia University's Center for the Study of Futures Markets, and founded the Journal of Futures Markets and creating Wiley's Traders Advantage series. He is now a consultant to an online educational course for algorithmic traders, www.unbreakabletrader.com.

Mr. Kaufman develops quantitative investment strategies and partners with firms that use them. The scope of his background gives him a unique understanding of the interac­tion of complex market structures and investor needs.



Event Type

Society

Education Topic

 

Start Time

3/11/2015 11:30 AM

End Time

3/11/2015 1:15 PM

City

Houston

State/Province

Texas

Event Country

 

Event Region

Americas

Venue

Willie G's
1605 Post Oak Blvd.
Houston, TX 77056

Speaker

Perry Kaufman

CE Credits

1

SER Credit

0

Currency

USD

Member Price

0.00

Non-Member Price

40.00

Candidate Price

40.00 if not a member

Registration

Member no shows will be billed $40

All Day Event

 

Recurrence

 

Society

Houston

Attachments

Content Type: MyCFA Custom Calendar
Created at 1/9/2015 3:52 PM by kelly@amchouston.com
Last modified at 3/6/2015 5:34 PM by kelly@amchouston.com