History | People | Mission | Compliance In 2004, Brice Dupoyet, a Finance professor at Florida International University with a Ph.D. in Finance from the University of Washington - Seattle, found that he was regularly engaging in after-class discussions with one of his graduate students, Flavio Carrillo, at the time working toward his Masters in Finance and MBA. These discussions tended to revolve around the same theme, how to manage money not just for return, but for return adjusted for risk. Flavio, as a financial consultant at Legg Mason, has had much real-world experience with this concept. His experience has taught him that while many people thought they simply wanted return, what they really wanted was as much return as they could get within their tolerance for volatility. Together they began testing portfolio selection models, eventually settling on those that choose the most optimal portfolio for return that fit within a targeted level of volatility. Thus was born Microsigma Capital Management LLC, a fitting name considering their philosophy, a name combining the words micro, as in small, and sigma, meaning standard deviation, a measure of volatility. Our Strategies