Different by design.

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 $7 billion of AUM and 165 employees¹, Capstone was established in 2004 and is headquartered in New York with offices in London, Amsterdam, Stamford, and Los Angeles. 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.

“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

Team.

Our team is comprised of a diverse group of over 150 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 $7 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.

¹ As of July 1, 2020.

Investment Platforms.

Capstone has two separate but complementary primary investment platforms, multi-strategy volatility trading and customized derivatives and volatility-based solutions.

Volatility Trading

A multi-strategy approach across asset classes and geographies intended to create diversity and generate returns regardless of market conditions.

“We have a collaborative, multi-portfolio manager approach to investment strategy.”

— Jamie Forusz, Managing Director, Client Solutions

Solutions

Customized derivatives and volatility-based solutions.

“Our Solutions business works in collaboration with our clients to provide customized solutions to meet their constantly evolving needs.”

— Margaret Lucas, Senior Vice President, Investor Relations

“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.

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“The firm strongly believes, more than any other place I know of, in volatility as an asset class. We just have this belief in volatility.”

— Jordan Sinclair, derivatives research specialist

History.

Founded in 2004, Capstone’s journey is continually defined by expanding our services around our core capability of embracing volatility to find opportunity.

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2004 Capstone Holdings Group is founded.

2006 Capstone opens London office.

2007 aum $245m Capstone launches its multi-strategy volatility trading platform trading across all asset classes.

2009 aum $734m The Global Volatility Summit is founded.

2010 aum $1.0B Capstone Solutions is launched.

2013 aum $2.4b DYAL Capital Partners purchases minority stake in Capstone.

2015 aum $3.3B Capstone launches the Volatility Research Forum.

2017 aum $5.6b Capstone opens Amsterdam office.

2018 aum $5.3b Capstone opens Los Angeles office.

2019 aum $6.1B

2020 aum $7b Capstone opens Stamford office.

Capstone Overview

Different by design.

“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.”

Team.

"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.”

Clients.

Capstone currently manages approximately $7 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 primary investment platforms, multi-strategy volatility trading and customized derivatives and volatility-based solutions.

A multi-strategy approach across asset classes and geographies intended to create diversity and generate returns regardless of market conditions.

Customized derivatives and volatility-based 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.”

Leadership.

Rishabh Bhandari

Scott Brindley

Paul Britton

Felix Cua

Jason Goldberg

Heather Haigh

Rick Hanna

Sean Huba

Robert Kolodziej

Kevin Kornobis

Joseph Lucas

John Moffatt

Kannan Niththyananthan

Katrina Paglia

Jonathan Sorrell

Thomas Stott

Raj Suryadevara

Matt Tonelli

Duncan Valentine

Gerlof de Vrij

“The firm strongly believes, more than any other place I know of, in volatility as an asset class. We just have this belief in volatility.”

History.

Founded in 2004, Capstone’s journey is continually defined by expanding our services around our core capability of embracing volatility to find opportunity.

High-level introduction to all corners of Capstone's business.

Different by design.

“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.”

Team.

"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.”

Clients.

Capstone currently manages approximately $7 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 primary investment platforms, multi-strategy volatility trading and customized derivatives and volatility-based solutions.

A multi-strategy approach across asset classes and geographies intended to create diversity and generate returns regardless of market conditions.

Customized derivatives and volatility-based 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.”

Leadership.

“The firm strongly believes, more than any other place I know of, in volatility as an asset class. We just have this belief in volatility.”

History.

Founded in 2004, Capstone’s journey is continually defined by expanding our services around our core capability of embracing volatility to find opportunity.

Capstone currently manages approximately $7 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.