Thursday, 18 September 2014
Last updated 7 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.