Key Takeaways
- • London-based Capula Investment Management is launching the Capula Alternative Markets Alpha Fund, a quantitative commodity trading advisor (CTA) strategy, according to Bloomberg.
- • The fund is being shopped to prospective investors with a reported target capacity of $2bn to $3bn.
- • The strategy is led by Yao Hua Ooi, a former AQR Capital Management principal who helped build and run the $6.3bn Helix systematic strategy.
- • Capula, which manages about $35bn, is expanding its systematic, commodities and multi-strategy capabilities, including a $450m allocation to Cinctive Capital Management.
Summary
Capula Investment Management is extending its push into systematic trading with the launch of the Capula Alternative Markets Alpha Fund, a quantitative commodity trading advisor strategy, according to a report by Bloomberg. The London-based firm is currently discussing the fund with prospective investors and is understood to be targeting between $2bn and $3bn of capacity, citing unnamed people familiar with the matter.
The fund is led by Yao Hua Ooi, who spent roughly two decades at AQR Capital Management, where he was a principal and part of the team that built and ran the Helix systematic strategy, which manages $6.3bn. Ooi left AQR last year to join Capula. Bloomberg reported that Capula declined to comment, and AQR also did not comment.
The launch fits a broader expansion at Capula, which manages about $35bn. Last year the firm recruited John Anderson, formerly global co-head of fixed income and commodities at Millennium Management, to lead development of its multi-strategy platform. Capula has also been increasing its commodities presence, recently hiring two energy traders. The firm has additionally begun allocating capital to external managers, including a $450m investment in multi-strategy hedge fund Cinctive Capital Management.
The fund is led by Yao Hua Ooi, who spent roughly two decades at AQR Capital Management, where he was a principal and part of the team that built and ran the Helix systematic strategy, which manages $6.3bn. Ooi left AQR last year to join Capula. Bloomberg reported that Capula declined to comment, and AQR also did not comment.
The launch fits a broader expansion at Capula, which manages about $35bn. Last year the firm recruited John Anderson, formerly global co-head of fixed income and commodities at Millennium Management, to lead development of its multi-strategy platform. Capula has also been increasing its commodities presence, recently hiring two energy traders. The firm has additionally begun allocating capital to external managers, including a $450m investment in multi-strategy hedge fund Cinctive Capital Management.
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