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.

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