Flying start for Capula's new 'tail risk' fund


With assets of over $400 million, the fund is up 8.57% after three months' trading

Capula, the $5 billion London-based fixed income-focused hedge fund group headed by Yan Huo, has got off to a flying start with the new Capula Tail Risk Fund, its first new product since the launch of its flagship in 2005.

Yan Huo

The new fund, which launched in March, is already running assets of over $400 million, and is up some 8.57% after its first three months of trading. This follows a chunky gain of some 5.2% in the turbulent market conditions in May - one of the worst months ever for hedge funds, with the