Capula合伙人Nat Dean将分拆他的35亿美元对冲基金-Bloomberg

Nat Dean, a partner and senior portfolio manager at Capula Investment Management, is preparing to spin out the hedge fund he currently runs at the investment firm.

The $3.5 billion Capula Tactical Macro fund that he manages is expected to move out during the second half of the year, according to a person with knowledge of the matter. It will operate under a new New York-based entity named West Basin Capital Management, the person said, asking not to be identified because the details are private.

London-based Capula, which oversees about $30 billion in assets, is supporting the move and expects to retain a commercial interest in the business, the person added.

A spokesman for Capula declined to comment.

Dean, who is based in New York, is the latest among a slew of traders leaving well-established hedge funds to start their own operation. Others include Millennium Management’s senior trader Diego Megia; former Moore Capital Management’s Joeri Jacobs; and, Sean Gambino, who ran a stocks trading strategy at Eisler Capital.

That’s counter to the dominant trend in the industry in which investors, capital and trading talent all gravitate toward multistrategy investment firms that rely on numerous teams of traders to generate steady returns.

Investors pulled more than $100 billion from hedge funds in each of the last two years, according to data compiled by eVestment. Yet many of the largest multistrategy hedge funds from Millennium to Balyasny Asset Management are closed to new money, with Ken Griffin’s Citadel planning to return about $7 billion to clients to help manage its asset base.

迪恩在耶鲁大学学习数学，并于2017年加入了Capula。他专门从事G-10利率、货币和股票期权交易。此前，他曾在Element Capital Management工作。

Capula战术基金专注于发达市场宏观策略，偏向利率交易。根据彭博新闻看到的一份投资者文件，该基金上个月收益1.35%，2023年收益3.4%，前一年收益17.7%。