Capstone taps GLG for quant investment head | With Intelligence

Capstone taps GLG for quant investment head

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Volatility-focused hedge fund Capstone Investment Advisors has recruited a former Man Group professional to lead its quantitative investing division.

It is understood that Paul Chambers joined the New York-headquartered manager in its London office earlier this month.

In his new role, Chambers will work on the firm’s quantitative strategies as a managing director.

He made the move from Man GLG where he was head of quantitative investment and research for just under two-and-a-half years.

Prior to that, Chambers worked at Balyasny Asset Management between late 2017 and mid-2019 as a portfolio manager.

He also previously worked in Man Group’s AHL business in a number of roles across a nine-and-a-half-year period. Chambers most recently worked as head of equities.

His move to Capstone comes amid several recent changes at the firm. Late last year it emerged that portfolio manager Benjamin Durham had departed to launch Decagon Asset Management, an arbitrage hedge fund which is seeded by Squarepoint Capital.

More recently, chief risk officer, Felix Cua, left to join cryptocurrency business Galaxy Digital. Earlier this month it was reported that Capstone was in the later stages of recruiting a replacement.

Capstone manages roughly $9bn in assets. Founded in 2007, it trades a range of derivatives-based volatility strategies.

Capstone has been contacted for comment.

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