People Moves

Capula hires Zander, lines up European distressed launch

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Capula Investment Management, the fast-growing and highly-regarded $13 billion London-based hedge fund firm led by former JP Morgan man Yan Huo since 2005, has hired an experienced leveraged loans and distressed debt manager ahead of the planned launch of a new fund that will invest in distressed assets in Europe.

Steven Zander has joined the firm as a senior portfolio manager and will manage the new fund – which will focus exclusively on European distressed debt, trading and investing in bonds and bank loans.

The move marks a diversification of the investment strategy range at Capula, which has