Senior Macro & Relative-Value Portfolio Manager

Capula Investment Management Ltd; Greater London; On-site; GBP 180,000 - 320,000; Full time

Benefits offered by this job

Competitive base salary

Discretionary bonus

Medical and dental insurance

Training & mentoring

Onsite restaurant

Gym facilities

Cross-asset collaboration

Job summary

Capula Investment Management Ltd is a global investment manager specialising in absolute return, enhanced fixed income, macro and crisis alpha strategies. With assets under management around USD 35bn, Capula operates with a research-driven, collaborative culture across global markets.

We are seeking experienced Portfolio Managers to manage capital, implement disciplined risk controls, and contribute ideas within a highly autonomous, cross-asset investment environment.

Qualifications

• Proven track record of alpha generation within macro/relative value with strong risk discipline.
• Deep understanding of global macroeconomics, monetary policy and cross-asset links.
• Strong execution across developed and emerging market rates and FX products.
• Clear, repeatable investment process with the ability to manage capital autonomously.
• Collaborative mindset; effective in team-oriented investment environments.

Responsibilities

• Develop and execute discretionary and/or systematic macro and relative value strategies across global markets, with a focus on 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.

Skills

Alpha generation

Macro understanding

Risk management

Cross-asset execution

Autonomous investment process

Job description

Capula Investment Management Ltd is a global investment manager specialising in absolute return, enhanced fixed income, macro and crisis alpha strategies. With assets under management around USD 35bn, Capula operates with a research-driven, collaborative culture across global markets.

We are seeking experienced Portfolio Managers to manage capital, implement disciplined risk controls, and contribute ideas within a highly autonomous, cross-asset investment environment.