Monday, 30 March 2015
Last updated 5 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…