Key Takeaways
- • Capula Investment Management, a London-based hedge fund with $35 billion in assets under management, has launched the Capula Alternative Markets Alpha Fund, a new commodity trading advisor (CTA) strategy currently in fundraising mode.
- • The new CTA has targeted capacity of $2-3 billion and will be led by Yao Hua Ooi, a recent hire from AQR Capital Management, bringing external expertise in systematic trading strategies to the firm.
- • The launch expands Capula's product suite into the managed futures and alternative markets space, positioning the firm to capture investor flows in systematic trading strategies.
Summary
Capula Investment Management has entered the commodity trading advisor space with the launch of its Capula Alternative Markets Alpha Fund, according to Opalesque New York. The London-based hedge fund, which manages $35 billion in assets, is actively fundraising for the new strategy with a target capacity range of $2-3 billion.
The fund will be helmed by Yao Hua Ooi, who recently joined Capula from AQR Capital Management, one of the industry's leading systematic trading platforms. Ooi's appointment signals the firm's commitment to building institutional-grade expertise in alternative markets trading, leveraging his experience in quantitative and systematic strategies developed at AQR.
The launch reflects broader industry trends toward diversified product offerings within multi-strategy platforms. By establishing a dedicated CTA capability, Capula is positioning itself to serve institutional investor demand for uncorrelated return streams and tactical exposure to commodities, currencies, and other liquid alternative markets. The $2-3 billion capacity target suggests realistic market expectations for a new entrant in the managed futures space, balancing growth ambitions with disciplined capital management.
The fund will be helmed by Yao Hua Ooi, who recently joined Capula from AQR Capital Management, one of the industry's leading systematic trading platforms. Ooi's appointment signals the firm's commitment to building institutional-grade expertise in alternative markets trading, leveraging his experience in quantitative and systematic strategies developed at AQR.
The launch reflects broader industry trends toward diversified product offerings within multi-strategy platforms. By establishing a dedicated CTA capability, Capula is positioning itself to serve institutional investor demand for uncorrelated return streams and tactical exposure to commodities, currencies, and other liquid alternative markets. The $2-3 billion capacity target suggests realistic market expectations for a new entrant in the managed futures space, balancing growth ambitions with disciplined capital management.
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