Perry J. Kaufman is an American systematic trader, rocket scientist, index developer, and

quantitative financial Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets. In general, there exist two separate branches of finance that require ...

theorist. He is considered a leading expert in the development of fully algorithmic trading programs (mostly written in Fortran).

Career

Kaufman currently serves as the president of Kaufman Analytics, Ltd. He received a BS in Mathematics from the

University of Wisconsin A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...

and an MBA from the

New York Institute of Technology The New York Institute of Technology (NYIT or New York Tech) is a private research university founded in 1955. It has two main campuses in New York—one in Old Westbury, on Long Island, and one in Manhattan. Additionally, it has a cybersecu ...

Aerospace background

Beginning as a “rocket scientist” in the aerospace industry, Kaufman worked on the navigation and control systems for the Orbiting Astronomical Observatory, the predecessor of the

Hubble Space Telescope The Hubble Space Telescope (often referred to as HST or Hubble) is a space telescope that was launched into low Earth orbit in 1990 and remains in operation. It was not the first space telescope, but it is one of the largest and most versa ...

. Moreover, he was involved in the development of navigation systems for

Project Gemini Project Gemini () was NASA's second human spaceflight program. Conducted between projects Mercury and Apollo, Gemini started in 1961 and concluded in 1966. The Gemini spacecraft carried a two-astronaut crew. Ten Gemini crews and 16 individual ...

which were later used for

Apollo missions The Apollo program was a United States human spaceflight program carried out from 1961 to 1972 by the National Aeronautics and Space Administration (NASA), which landed the first astronauts on the Moon. The program used the Saturn IB and Saturn ...

Trading experience

Kaufman worked in trading, research and advisory functions at major commercial banks, securities houses, central banks, and

hedge funds A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as shor ...

. After leaving the aerospace industry, Kaufman became a partner in an Illinois-based farm management company where, as a commercial hedger, he developed expertise in trading commodity futures markets. Between 1981 and 1991, Kaufman resided in

Bermuda ) , anthem = "God Save the King" , song_type = National song , song = " Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , e ...

where he worked as Head of Trading Systems for Transworld Oil, Ltd. (Bermuda). He was a principal at Man-Drapeau Research (Singapore) from 1992 to 1998 and worked in consulting functions for Cinergy and

Prudential-Bache Prudential Securities, also formerly known as Prudential Securities Incorporated (PSI), was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovi ...

. Between 2003 and 2008, Perry J. Kaufman worked as a portfolio manager and senior quantitative analyst for Graham Capital Management, a

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

with a focus on

managed futures A managed futures account (MFA) or managed futures fund (MFF) is a type of alternative investment in the US in which trading in the futures markets is managed by another person or entity, rather than the fund's owner. Managed futures accounts inc ...

trading strategies. Kaufman is currently a consultant to Mizuho Alternative Investments and serves as a board member at ARIAD Asset Management GmbH. Kaufman also advises the Aquantum Group and collaborates with the company in the design of systematic trading programs and indices.

Publications & Canon Contributions

Kaufman is the founder of the ''

Journal of Futures Markets ''Journal of Futures Markets'' is a monthly peer-reviewed academic journal covers developments in financial futures and derivatives. The editor-in-chief is Robert Webb. The journal covers subjects including: futures, derivatives, risk management a ...

'' and creator of

John Wiley & Sons John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in p ...

's ''Traders Advantage'' series. Kaufman has authored numerous books, the most popular of which is ''New Trading Systems and Methods'', first published by

in 1978 and now in its fifth edition. Since the late 1970s, Kaufman has published a total of 14 books to contribute to theories in the areas of price forecasting and portfolio allocation. Some of his books were translated into Chinese, Russian, Italian, Spanish, and Japanese. His latest book, ''Learn to Trade'', was published in 2022. Since 1973, Kaufman has published numerous articles in, for example, the ''

'', ''

Futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

'', ''

Technical Analysis of Stocks and Commodities ''Technical Analysis of Stocks & Commodities'' is an American, Seattle-based monthly magazine about commodity futures contracts, stocks, options, derivatives, and forex. History and profile ''Technical Analysis of Stocks & Commodities'' was fou ...

'', and ''Futures Industry Magazine''. Samples of this work can be found below. Kaufman has been a speaker at universities, major industry seminars, New York Stock Exchange corporate training courses, and the Dow Jones World Tours. He has made a number of radio and television appearances. Examples of his presentations can be found below.

Books

* ''Point and Figure Commodity Trading Techniques'' (Investors Intelligence, Larchmont, New York, 1975) * ''Commodity Trading Systems and Methods'' (

, 1978) * ''Technical Analysis in Commodities'' (

, 1980), also in Japanese (UNI 1986) * ''Handbook of Futures Markets'' (

, 1984) * ''The Concise Handbook of Futures Markets'' (

, 1986) * ''The New Commodity Trading Systems and Methods'' (

, 1987) * ''Smarter Trading'' (

McGraw-Hill McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes referenc ...

, 1995) * ''Global Equity Investing'', with Alberto Vivanti (

, 1997) * ''A Short Course in Technical Trading'' (

, 2003), also in Chinese (Guangdong, 2006) * ''Alpha Trading'' (

, 2011), also in Chinese (Guangdong, 2006) * ''Trading Systems and Methods'' (

, sixth edition, 2019) * ''Kaufman Constructs Trading Systems'' (2020) * ''Learn to Trade: Trade To Win With A Rule-Based Method Paperback'' (2022)

Book contributions

* "Technical Analysis" in Nancy Rothstein's ''The Handbook of Financial Futures'' (McGraw-Hill, 1984) * "Moving Averages and Trends" in Todd Lofton's ''Trading Tactics'' (Traders Press, 1991) * "Essential Mathematics for Traders” in Ralph Acampora's ''Masters of Technical Analysis and Strategy'' (John Wiley & Sons, 2008)

Articles and interviews

* "Perry Kaufman on Market Analysis" in ''

'' (June 1995, and reprinted in the 1998 bonus issue) * "Price Shocks: Reevaluating Risk/Return Expectations" in ''Futures Industry Magazine'' (July 1995) * "Trading Lessons Learned the Hard Way" in ''Futures'' (August 2002) * "Crossover Relative Value Trading" in ''Futures'' (December 2008) * "An Interview with Perry Kaufman" in ''The Technical Analyst'' (United Kingdom, May 2009) * "Interview of Perry Kaufman, author of the bible of the trading systems" in ''AutomatedTrading.eu'' (United Kingdom, January 2013) * "A Book Review & Interview with Perry Kaufman" in ''The Swiss Technical Analysis Journal'' (Switzerland, Summer 2013) * "Algorithmic Trading Strategies: an interview with Perry Kaufman (Switzerland, Summer 2016)

Interviews, lectures and speeches

* “Robust Trading Systems” (

IFTA Ifta is a former municipality in the Wartburgkreis district of Thuringia, Germany. Since 1 January 2019, it has been part of the town Treffurt Treffurt () is a small town in the western region of the Wartburgkreis district which belongs to the f ...

, Rome and Milan, November, 1998) * “Trading Systems That Work” (Online Investors Expo, Las Vegas, November, 2000) * “Portfolio Allocation Using Genetic Algorithms” (IFTA, Madrid, 2004) * “Intermarket Mechanics” (IFTA, Lugano 2006) * “Theory Versus Reality” (Technical Analyst Association, Toronto, 2008) * “Model Performance and Risk Metrics” (Technical Analyst Conference, London, 2009) * “Strategy Development” (Forum, Paris, September 2009) * “The Impact of Global Investing on Asian Markets” (Asian Financial Forum, Hong Kong, January 2011) * “Positioning the Greek Equities Market for International Investing” (Second World Congress of Nonlinear Analysts, July 1996, Athens, Greece)

Board memberships and affiliations

* Advisor, Aquantum Group * Board member, Ariad GmbHWebsite of Ariad GmbH
/ref> * Member and first chairman of the advisory board, Vermont Securities Institute * Editorial Board, ''

'' (

) * Member,

AIMR The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...

, Boston and Vermont Chapters * Member, The Society of Nonlinear Analysts * Member, Market Technicians Association * Member Assotechnic (Association of Technical Analysts, Italy) * Previous member, Director's Committee,

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

(Business School), Center for the Study of Futures Markets

References

External links

* *
Articles by Perry J. Kaufman
at tradingmarkets.com

at INO TV {{DEFAULTSORT:Kaufman, Perry J. Living people American business writers American money managers American hedge fund managers University of Wisconsin–Madison College of Letters and Science alumni New York Institute of Technology alumni 1943 births