Key Takeaways
- • Greg Rickards, former head of linear rates trading in London at Santander, has joined British hedge fund Capula Investment Management as a portfolio manager, according to his LinkedIn post cited by eFinancialCareers.
- • Rickards spent 17 years at Santander and had led the bank's London linear rates trading desk since 2018.
- • The hire comes amid a period of departures at Capula, including Michele Beretta (who joined from Citi and stayed only three months) and Andrea Casulli (from Goldman Sachs), plus reported exits of Gregory Nataf and senior manager Nimesh Mistry.
- • Capula is pursuing a diversification beyond its historical relative value fixed income focus, having hired Yao Hua Ooi from AQR and several energy traders in 2025, including John Anderson from Millennium.
- • Capula reportedly paid an average of $630k per employee in London last year, while revenues fell 19%; its 2026 performance is unclear.
Summary
Greg Rickards has joined British hedge fund Capula Investment Management as a portfolio manager, according to a post he wrote on LinkedIn, as reported by eFinancialCareers. Rickards did not respond to a request for comment. He spent the past 17 years at Santander and had been head of linear rates trading for the bank in London since 2018.
The appointment comes at a time of turnover at Capula. eFinancialCareers reports that the firm parted ways with Michele Beretta, who had joined from Citi and was at the fund for only three months, and Andrea Casulli, formerly of Goldman Sachs, whose pod Beretta had joined. The FCA Register indicates that Gregory Nataf left the London entity the previous week, and that Nimesh Mistry, a senior manager, departed at the end of October. The article notes that macro hedge funds have been shedding staff while also selectively hiring.
Bloomberg reported in August that Capula had launched a diversification push away from its historical focus on relative value trading across fixed income. As part of that effort, the firm hired Yao Hua Ooi, who built a systematic trading strategy at AQR. Capula also hired several energy traders last year, including John Anderson from Millennium.
Financially, eFinancialCareers reports that Capula paid an average of $630k per employee in London last year and that revenues fell 19%. The article states it is not clear how the firm is performing in 2026.
The appointment comes at a time of turnover at Capula. eFinancialCareers reports that the firm parted ways with Michele Beretta, who had joined from Citi and was at the fund for only three months, and Andrea Casulli, formerly of Goldman Sachs, whose pod Beretta had joined. The FCA Register indicates that Gregory Nataf left the London entity the previous week, and that Nimesh Mistry, a senior manager, departed at the end of October. The article notes that macro hedge funds have been shedding staff while also selectively hiring.
Bloomberg reported in August that Capula had launched a diversification push away from its historical focus on relative value trading across fixed income. As part of that effort, the firm hired Yao Hua Ooi, who built a systematic trading strategy at AQR. Capula also hired several energy traders last year, including John Anderson from Millennium.
Financially, eFinancialCareers reports that Capula paid an average of $630k per employee in London last year and that revenues fell 19%. The article states it is not clear how the firm is performing in 2026.
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