Outperformance

Systematic capture of sustainable premiums

Risk Controls

Managing the known unknowns
Preparing for the unknown unknowns

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About Chapados Couture Capital



Chapados Couture Capital (C3) is an emerging Montreal-based quantitative portfolio manager of factor-based equity strategies and option-based alternative premia strategies.

Purpose

Find systematic opportunities to earn sustainable return premiums for bearing acceptable and well-quantified investment risks.

Passion

The subtleties between the Art and the Science of modelling capital market returns have been a core preoccupation of C3’s co-founders, stemming from a more than decade-old research collaboration. This means a constant desire to learn and improve on the latest quantitative forecasting methodologies, as much as a fascination with small-sample low-frequency scenario analyses.

Investment Professionals


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Éric-Paul Couture, CFA

Skeptical Economist

Time Series Modeling, Econometrics, Portfolio Management, Financial Analysis, Natural Resource Economics

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Nicolas Chapados, CFA

Pragmatic Modeler

Deep Learning, Time Series Forecasting, Optimal Decision Making, Portfolio Management, Healthcare AI, Enterprise AI

Investment Philosophy


Credo 1

We believe that capital markets represent an ecosystem of competing opportunities to be compensated for bearing a multitude of economic risks. Some are ephemeral; some others are the product of irrational beliefs. We search for those which are economically justified and sustainable.


Credo 2

We believe that the empirical validity of a risk premium must be supported by a theoretical understanding of its economic rationale.


Credo 3

We believe that the information content of most investment edges eventually gets diffused to other market participants via trading interactions so that superior risk-adjusted returns ultimately regress to normal returns. Consequently, the market consensus is typically the best starting point to obtain a long-term summary of the optimal trade-off between investment returns, risks, and implementation costs.

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