Dai, Capula Quant Head, Out

Mar 15 2012 | 11:13am ET

Capula Investment Management has lost its brainy systematic trading chief, Qiang Dai.

Dai will leave the London-based hedge fund after more than six years. He plans to pursue personal interests, Bloomberg News reports.

Quantitative bets account for about 1% of Capula's $13 billion portfolio.

Dai, a partner, joined Capula in 2005 as head of market research and risk. He was promoted to chief risk officer in 2009 and head of systematic trading at the end of 2010.

Prior to joining Capula, Dai, who holds Ph.D.s in finance and physics, taught finance at New York University and the University of North Carolina at Chapel Hill.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note