Raul Leote De Carvalho

Raul Leote De Carvalho

Deputy Head of Quantitative Research Group

Bio

Raul Leote de Carvalho is Deputy Head of the Quant Research Group at BNP Paribas Asset Management since October 2017.

The team is responsible for supporting research and development of systematic and smart beta strategies, for providing quantitative inputs across all investment teams, for delivering quantitative services and innovation and for leveraging Big Data as an alpha source. The team is based in Paris, Amsterdam, Hong Kong and London.

Raul joined BNPP AM in 1999 and held several positions related to quantitative research and investments in equities, fixed income and asset allocation covering the development of investment strategies, portfolio optimization, risk modelling and portfolio management.

Raul started his career in 1996 as a researcher in Computational and Theoretical Physics first at the University of Wuppertal, then at the Ecole Normale Supérieure de Lyon and finally at the University College of London.

Raul has over 22 years of quantitative investment experience. He earned a PhD in Theoretical Physics from the University of Bristol and an MSc in Condensed Matter Physics and a BSc in Chemistry both from the University of Lisbon. He is a Board Member of the Institute for Quantitative Research in Europe (Inquire Europe) a non-profit professional organization formed in 1990 to bring together investment professionals interested in the development of quantitative solutions to financial and investment problems. He is also referee for a number of journals including the Financial Analysts Journal of the CFA. Raul is based in Paris.

Location Paris

Joined 1999

Articles from Raul Leote De Carvalho

Article

Portfolio perspectives

Managing private asset allocations in open-ended funds

With their potential to enhance returns, diversify portfolios and capture an illiquidity premium, private assets have become increasingly attractive to…

By Raul Leote De Carvalho & other authors

11/08/26
Article

Portfolio perspectives

Managing private asset allocations in open-ended funds

With their potential to enhance returns, diversify portfolios and capture an illiquidity premium, private assets have become increasingly attractive to…

By Raul Leote De Carvalho & other authors

11/08/26
Article
Rowers

Portfolio perspectives

Making portfolio optimisation understandable for humans

Outside of the small circle of quantitatively minded portfolio managers, portfolio optimisation remains largely underused in practice because of one…

By Raul Leote De Carvalho

18/02/26
Article
Rowers

Portfolio perspectives

Making portfolio optimisation understandable for humans

Outside of the small circle of quantitatively minded portfolio managers, portfolio optimisation remains largely underused in practice because of one…

By Raul Leote De Carvalho

18/02/26
Article
Rowers

Portfolio perspectives

Optimización de carteras, explicar la caja negra

Más allá del reducido círculo de gestores de enfoque cuantitativo, la optimización de carteras constituye una práctica muy infrautilizada en…

By Raul Leote De Carvalho

18/02/26
Article
Dolomites Mountains

Front of mind

Covid, AI, tariffs: An equity strategy holding its ground even in abnormal times

In this new paper, we show how a low-risk equity strategy has performed during the Covid crisis, the Magnificent 71…

By Raul Leote De Carvalho

04/08/25
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