Capula Names Ex-BofA Rates, Currencies Chief CIO

Jun 30 2011 | 11:40am ET

Capula Investment Management has snared the recently-retired head of global rates and currency trading at Bank of America Merrill Lynch.

David Gu will become co-chief investment officer at the London-based fixed-income hedge fund later this year, Bloomberg News reports. He will be charged with developing new funds and strategies, as well as recruiting traders, Capula founder Yan Huo told investors in a letter.

Gu retired from BofA, where he was also co-head of global markets in Europe, the Middle East and Africa, earlier this month. He was one of the highest-paid employees at Merrill Lynch prior to its acquisition by BofA in 2008; Gu made $19.8 million in 2007 and $18.7 million in 2008, sums revealed after then-New York Attorney General Andrew Cuomo subpoenaed the information.

Capula has about US$6 billion in assets under management.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...