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Jean-Pierre Aguilar, Head of French Fund, DiesJuly 6, 2009, 5:37 am
Jean-Pierre Aguilar, a pioneer in hedge fund investing in Europe and chief executive and co-founder of Capital Fund Management, died in a gliding accident over the weekend, the company said in a letter to investors Sunday. He was 49.
The accident, which occurred late Saturday morning near the airport of Barcelonnette, a town in the French Alps about 12 miles, or 20 kilometers, from the Italian border, also killed Mr. Aguilar’s co-pilot, Michel Fache, 56, president of the local gliding club, according to a local newspaper, La Provence.
The board of Capital Fund Management, the biggest independent French hedge fund with $2.7 billion in assets, met over the weekend to discuss the firm’s transition to new leadership.
“The firm has gone through several crises in the past and we want to reassure our investors that this terrible event will not interrupt C.F.M.’s high level of service,” the letter to investors said. “Jean-Pierre has assembled a terrific team, where all individuals are important but none, not even himself, are critical.”
Mr. Aguilar and his co-pilot were taking part in a gliding tournament, begun the Monday before, that had gathered together many of the best gliding pilots of Europe. French police are investigating the causes of the crash, which took place as the glider was ascending.
Mr. Aguilar began his career in finance with the French brokerage firm LeGrand in 1986, leaving it two years later to found Ubitrade, a financial software company. He later helped found Capital Fund Management, which was incorporated in 1991. Mr. Aguilar also led C.F.M. to sponsor a number of doctoral students studying math and physics in France.
He was member of the Chicago Mercantile Exchange and the Chicago Board of Trade.
– Chris V. Nicholson
Go to Article from La Provence (in French) »http://dealbook.blogs.nytimes.com/2009/07/06/jean-pierre-aguilar-head-of-french-fund-dies/AND MORE.................. Thursday, July 9, 2009
9Not sure if it means anything, but the lifespan of folks in high finance seems to be creeping downward these days.}
Hedge fund CEO dies in glider accidentby Emily Firth, citywire
Jean-Pierre Aguilar, the CEO and co-founder of French alternative asset manager, Capital Fund Management (CFM), died in a glider accident on Saturday, the firm has announced.
Set up in 1991, Paris-based CFM is one of the oldest French alternative managers. It specialises in statistical arbitrage on futures, equities and options...
Mssr. Aguilar was a computer scientist and big-time quant.
I wonder what algos he was running?Then this odd-sounding, follow-on tragedy: :tinfoilhat:
..................................
Trader Dies in London FallBy Tara Loader Wilkinson
A 24-year-old equity sales trader who worked at Deutsche Bank in London died this weekend after falling from a rooftop garden in London's financial district. Anjool Malde worked in the small- and midcap equity sales business at the German bank since joining as a graduate trainee in 2005...
...He had been asked to leave work at 3 p.m. on Friday, but Deutsche Bank said he wasn't under any suspension or part of a disciplinary action. "He was helping the bank with an inquiry into an IT matter," according to a bank spokesman. "It concluded at 3pm on Friday and he was expected to come back in this week to continue with the matter. It was very preliminary. We are deeply saddened by our colleague's death, and our thoughts are with his family and loved ones at this time..."
Huh. An IT matter? Glad I bailed from computer programming in the finance industry back in 2002. Getting unhealthy out there for folks involved with computers and finance.More at............
http://74.125.47.132/search?q=cache:GYugueJLeTUJ:futurejacked.blogspot.com/+John-Pierre+Aguilar+Dies+in+Glider+Accident&cd=4&hl=en&ct=clnk&gl=us&client=firefox-a
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