Finance
Capula Partner Nat Dean to Spin Out His $3.5 Billion Hedge Fund
- Ex-Element trader to move out with Capula Tactical Macro fund
- Capula expects to retain a commercial interest in the business
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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.