Capula Investment Management LLP

Capula Investment Management LLP was incorporated in the UK on 24 May 2005 and was founded by Yan Huo. The firm is headquartered in London and operates as an investment-management partnership rather than a conventional listed asset manager.

Capula manages absolute return, enhanced fixed income, macro and crisis alpha strategies, with a focus on returns that have low or negative correlation to traditional equity and fixed-income markets. Its investment platform includes relative value, index-plus-alpha, macro, multi-strategy and crisis-alpha approaches.

For students, Capula is most relevant as a specialist hedge-fund employer with a strong emphasis on fixed income, macro trading, quantitative research and portfolio risk management. Its 2024 regulatory disclosure describes automated portfolio-risk monitoring, stress testing, value-at-risk analysis and a deliberately low operational risk appetite.