Capula Investment Management is a hedge fund that likes to hire from investment banks. While others complain about the dearth of talent on the buy-side, Capula has continued to bring in senior traders from investment banks regardless.
However, traders who signed up to Capula in the not-so-distant past have started leaving.
Most notably, Mathias Berenger, who was previously head of European vanilla options trading at Credit Suisse, left Capula in September, according to regulatory filings. A keen photographer, Berenger was a portfolio manager focused on interest rates options G4 currencies at Capula. He joined in 2014 after time at Credit Suisse, Barclays and Citi.
Berenger isn't the only former investment bank trader to depart. Vassilis Angelopoulos, a former interest rates options trader at Bank of America Merrill Lynch, also left in September. Angelopoulos joined Capula in January 2015.
Dipak Shah, an FX options trader at Goldman Sachs who joined Capula as a portfolio manager in August 2012, has also left. He is reportedly joining Citi as a director in FX trading.