Portfolio Manager - London

Capula Investment Management LLP; Greater London; Ibrido; GBP 180.000 - 260.000; Tempo pieno

Vantaggi offerti da questo lavoro

Competitive base salary

Discretionary bonus

20 days annual leave

Medical and dental insurance

Training and development

Onsite dining and gym facilities

Flat and agile organisation

Descrizione del lavoro

Capula Investment Management LLP is seeking experienced Portfolio Managers across macro and relative value strategies, including rates, FX and fixed income, to manage significant capital allocations. The role requires disciplined risk management, independent decision making within a collaborative, research-driven environment, and the ability to contribute to the firm’s macro and value framework.

Capula offers a high-performance culture with strong mentorship, global collaboration, and

Competenze

• Proven track record of alpha generation in macro or relative value strategies.
• Strong understanding of global macroeconomics and policy.
• Ability to manage capital with autonomy and discipline.
• Collaborative mindset within a team-oriented investment environment.

Mansioni

• Develop and execute discretionary and/or systematic macro and relative value strategies across global markets, focusing on rates, FX and related instruments.
• Identify and express thematic and relative value opportunities driven by macro fundamentals and policy.
• Actively manage portfolio risk with a disciplined framework, including position sizing and drawdown management.
• Partner with trading, research and risk teams to optimise trade structuring and implementation across swaps, futures, options and sovereign bonds.
• Continuously refine strategies in response to evolving market conditions and economic developments.
• Communicate portfolio positioning, performance and risk exposures clearly to internal stakeholders.
• Contribute to the broader investment platform through idea generation, market discussion and cross-team collaboration.

Conoscenze

Alpha generation

Macro strategy

Risk management

Cross-asset experience

Autonomy

Descrizione del lavoro

Company Overview

Capula Investment Management, founded in 2005, is a global investment manager specialising in absolute return, enhanced fixed income, macro and crisis alpha strategies. With offices across key financial centres globally and approximately USD 35bn in assets under management, the firm focuses on delivering low or negatively correlated returns to traditional equity and fixed income markets. Capula manages a range of strategies with a strong emphasis on relative value, macro and interest rate markets, supported by a sizeable and experienced investment team. The firm operates with a broad investment mandate, enabling it to trade across a wide range of global markets and instruments.

Capula Investment Management is seeking experienced Portfolio Managers across a range of strategies, including but not limited to:

• Fixed Income Relative Value
• Macro (including credit, commodities, mortgages and broader cross-asset opportunities)
• Rates
• Crisis Alpha
• Quantitative and Systematic Strategies

In this role, you will be responsible for managing a significant capital allocation, implementing disciplined risk management, and operating within a highly specialised, research-driven environment. The firm places strong emphasis on collaboration, with regular dialogue around global macroeconomic developments, monetary policy, and interest rate markets.

We are looking for professionals who can generate differentiated insights within their investment universe, contribute to the firm’s broader macro and relative value perspective, and leverage shared expertise to deliver consistent, risk‑adjusted returns.

Key Responsibilities

• Develop and execute discretionary and or systematic macro and relative value strategies across global markets, with a focus on interest rates, FX and related instruments.
• Identify and express thematic and relative value opportunities driven by macroeconomic fundamentals, central bank policy and market dislocations.
• Actively manage portfolio risk within a disciplined framework, including position sizing, liquidity and drawdown management.
• Partner closely with trading, research and risk teams to optimise trade structuring and implementation across instruments such as swaps, futures, options and sovereign bonds.
• Continuously refine strategies in response to evolving market conditions and economic developments.
• Communicate portfolio positioning, performance and risk exposures clearly to internal stakeholders.
• Contribute to the broader investment platform through active participation in idea generation, market discussion and cross-team collaboration.

Qualifications

• Proven track record of alpha generation within macro and or relative value strategies, supported by strong risk management discipline.
• Deep understanding of global macroeconomics, monetary policy and cross‑asset relationships.
• Strong execution capability across developed and emerging market rates and FX products.
• Clear, repeatable investment process, with the ability to manage capital with a high degree of autonomy.
• Collaborative mindset, with the ability to contribute effectively within a team‑oriented investment environment.

Benefits

Capula is committed to supporting all employees in developing their careers and delivering their best work. We offer a collaborative and high‑performance environment where portfolio managers are empowered with resources, autonomy, and the opportunity to make a significant impact. Benefits include:

• A highly competitive base salary and discretionary bonus structure, reviewed annually
• 20 days of paid annual leave, plus public holidays
• Comprehensive medical and dental insurance, along with other core employee benefits
• Exceptional training, mentoring, and staff development opportunities to support continuous professional growth
• Exposure to a flat and agile organisational structure, enabling greater ownership and decision‑making responsibility
• Onsite breakfast, lunch, and dinner provided daily in our employee restaurant
• Onsite gym facilities and corporate gym membership
• Access to a dynamic, intellectually engaging team with cross‑asset collaboration and open communication