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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...