Capula Hires BofA Vet To Launch Euro. Distressed Fund

Jul 17 2012 | 11:45am ET

Capula Investment Management plans to launch a European distressed assets hedge fund and has hired a former Bank of America trader to run it.

Steven Zander was named a senior portfolio manager at London-based Capula in June. He joins the hedge fund from Haymarket Financial, where he served as chief investment officer, and was formerly global co-head of loan and distressed debt trading at BofA.

Zander's fund will be Capula's first investing exclusively in European distressed debt, Bloomberg News reports. Capula, and a horde of other investment firms and hedge funds, have launched or are planning such funds to profit from Europe's sovereign debt crisis.

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