1 As of September 1, 2023.
Capstone is a global, alternative investment management firm operating across a broad range of derivatives-based strategies with a deep understanding of volatility. With approximately $11.8 billion of AUM and 270 employees (as of September 1, 2023), Capstone was formed in 2007 and is headquartered in New York with offices in London, Amsterdam, Los Angeles, Hong Kong, Stamford, and Boston. Through strategic insight, market-leading expertise and advanced technology, we seek to anticipate and harness the complexities of world markets, creating unique opportunities for our clients, team and industry.
“To perform consistently demands the best- informed estimate of volatility and having the humility to acknowledge that it is always an estimate and to size positions accordingly. Over many years and market regimes, we’ve painstakingly developed the team and a very focused and scalable technology infrastructure to put us in a position to be able to perform on a regular and repeatable basis.”
— Paul Britton, Chief Executive Officer
Team.
Our team is comprised of a diverse group of over 200 accomplished individuals who collaborate and adapt proactively to source a sustainable advantage for our institutional clients. We are dedicated to providing the support and training to ensure that each and every individual on our team can achieve their very best.
"You get a lot of exposure at Capstone because we trade across so many asset classes. There’s all this complexity and experience in the business, so everyone is immersed in a tremendous learning environment.”
— Robert Kolodziej, Head of Business Development
Clients.
Capstone currently manages approximately $11.5 billion1, representing a diverse set of sophisticated global institutional investors, including public and corporate pension funds, university endowments, charitable foundations, sovereign wealth funds, insurance companies and banks.
Investment Platforms.
Capstone has two separate but complementary investment platforms: CGM and Capstone Solutions.
CGM
Multi strategy approach trading derivatives across asset classes and regions, with a focus on volatility and relative value
“We have a collaborative, multi-portfolio manager approach to investment strategy.”
— Julian Stein, Director, Client Solutions
Capstone Solutions
Customized mandates and strategies tailored to client needs across the volatility and derivatives spectrum
“Our Solutions business works in collaboration with our clients to provide customized solutions to meet their constantly evolving needs.”
— Margaret Lucas, Director, Client Solutions
“We believe strongly in delivering transparency to our investors because, ultimately, we’re managing their assets, and we feel they should have a very clear idea as to the exposure they have.”
— Paul Britton, Chief Executive Officer
Leadership.
Scott Brindley
Senior Portfolio Manager
Paul Britton
Chief Executive Officer
Niall Cameron
Chief Risk Officer
Jason Goldberg
Senior Portfolio Manager
Cristin Grimm
Head of Finance
Rick Hanna
Chief Operating Officer
Robert Kolodziej
COO of Trading & Head of Business Development
Emily Locher
General Counsel and Chief Compliance Officer
Cosmin Lupea
Treasurer
John Moffatt
Senior Portfolio Manager
Kannan Niththyananthan
Senior Portfolio Manager
Jonathan Sorrell
President
Thomas Stott
Operations Manager
Raj Suryadevara
Senior Portfolio Manager
Matt Tonelli
Head of Trading
Duncan Valentine
Head of Investor Relations and Client Solutions
Gerlof de Vrij
Senior Portfolio Manager
"Many of us started down on the floor, which we believe makes us volatility-savvy people used to working in an adverse environment, and as a result, we approach business differently."
— Matt Tonelli, Head of Trading
2004
Capstone Holdings Group is founded.
2006
Capstone opens London office.
2007
Capstone launches its multi-strategy approach to trading derivatives across asset classes, CGM.
2009
The Global Volatility Summit is founded.
2010
Capstone Solutions is launched to provide customized mandates and strategies tailored to client needs across the volatility and derivatives spectrum.
2013
Blue Owl purchases minority stake in Capstone.
2015
Capstone launches the Volatility Research Forum.
2017
Capstone opens Amsterdam office.
2018
Capstone opens Los Angeles office.
2020
Capstone opens Stamford office.