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Perry J. Kaufman

Perry J. Kaufman

Perry J. Kaufman is an American systematic trader, index developer, and quantitative financial theorist. He is considered a leading expert in the development of fully algorithmic trading programs.

Career

Kaufman currently serves as the president of Kaufman Analytics, Ltd. He received a BS in Mathematics from the University of Wisconsin and a MBA from the New York Institute of Technology.

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.Moreover, he was involved in the development of navigation systems for Project Gemini which were later used for Apollo missions.

Trading experience

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

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 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. Between 2003 and 2008, Perry J. Kaufman worked as a portfolio manager and senior quantitative analyst for Graham Capital Management, a renown hedge fund with a focus on managed futures 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 and creator of John Wiley & Sons’s Traders Advantage series.

Kaufman has authored numerous books, the most popular of which is New Trading Systems and Methods, first published by John Wiley & Sons in 1978 and now in its fifth edition. Since the late 1970s, Kaufman has published a total of 12 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, Alpha Trading, was published in 2011.

Since 1973, Kaufman has published numerous articles in, for example, the Journal of Futures MarketsFuturesTechnical Analysis of Stocks and Commodities, 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
  • Commodity Trading Systems and Methods
  • Technical Analysis in Commodities
  • Handbook of Futures Markets
  • The Concise Handbook of Futures Markets
  • The New Commodity Trading Systems and Methods
  • Smarter Trading
  • Global Equity Investing
  • A Short Course in Technical Trading
  • Alpha Trading
  • Trading Systems and Methods

Book contributions

  • “Technical Analysis” in Nancy Rothstein’s The Handbook of Financial Futures
  • “Moving Averages and Trends” in Todd Lofton’s Trading Tactics
  • “Essential Mathematics for Traders” in Ralph Acampora’s Masters of Technical Analysis and Strategy

Articles and interviews

  • “Perry Kaufman on Market Analysis” in Technical Analysis of Stocks and Commodities
  • “Price Shocks: Reevaluating Risk/Return Expectations” in Futures Industry Magazine
  • “Trading Lessons Learned the Hard Way” in Futures 
  • “Crossover Relative Value Trading” in Futures 
  • “An Interview with Perry Kaufman” in The Technical Analyst 
  • “Interview of Perry Kaufman, author of the bible of the trading systems” in AutomatedTrading.eu
  • “A Book Review & Interview with Perry Kaufman” in The Swiss Technical Analysis Journal 
  • “Algorithmic Trading Strategies: an interview with Perry Kaufman 

Interviews, lectures and speeches

  • “Robust Trading Systems”
  • “Trading Systems That Work”
  • “Portfolio Allocation Using Genetic Algorithms” 
  • “Intermarket Mechanics”
  • “Theory Versus Reality”
  • “Model Performance and Risk Metrics” 
  • “Strategy Development”
  • “The Impact of Global Investing on Asian Markets” 
  • “Positioning the Greek Equities Market for International Investing”