Capula
Does anyone have any info/insight on Capula Investment Management? Would love to learn some more information about the company
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Know two former employees, one guy who was their counterparty...
Last time I heard about Capula, heard it was just rel val in rates and FX. Seems like a decent enough place, but also hear that people blow out easily (see: two formers, one lasted less than two years)
From what I've heard, they're a huge name in Europe - do a lot of hiring from banks. Fixed income rel val is their bread and butter, but I think they run other strategies as well. No idea on performance, but I've heard people there get paid extremely well.
They are the largest player in futures basis trades hence their very consistent return profile. There are firm level contract delivery limits, so it is somewhat unclear how their AUM is as high as it is. Their returns are good (not great) and your pay depends on your contributions/team like anything else, and I suspect that the balance sheet is already claimed.
I have also heard that they are the real back bid for interdealer screens - meaning that banks off load risk here. I am more skeptical on this point and what that actually means or how it would be done on a firm level (their structure is impt here).
I have also, also heard that they take positions all across rate curves based on their superior spline and swap back to eonia. I am skeptical on this point as well, but think that it speaks to something.
Maybe someone can flesh it out?
Apparently their exotics desk is their biggest cashcow.
solid name in fixed income RV in general
Bump
If anyone has information about their internship or graduate program as well, that would be great!
Bump?
Capula is a heavy player in interest rate swaps...best way to get there is to be a swaps trader at a bank and do well over a few years (if you are a swaps trader at a bank, Capula will be one of your larger customers)....Capula has hired many former swaps traders who used to be their counterparties..
Have heard good things, but don't know anyone there well enough to comment insightfully. From the outside, it seems like a multistrat single manager (feel free to check me on this) focused mostly on fixed income arbitrage/macro strategies
capula is one of my banks largest counterparties in both swap spreads and off the run UST relative value trades
Do you know anything about returns/reputation? Seems like a great place that employs really smart people but haven’t found any info on returns. Imagine that they’re the top (?) shop when it comes to FIRV
PM me. I have their returns.
Ultra-consistent and superb record on the rates side I think there are much better shops on the vol side, excellent sharpe given their size.
Updated views on these guys? Couldn't find any recent threads
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