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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt $3.5 billion, Nat Dean's new macro fund, West Basin, is set to be one of the biggest hedge fund launches of the year. Marketing documents viewed by Business Insider from London-based Capula describe the macro fund's performance, trading focuses, and projections. AdvertisementThe Capula Tactical Macro fund became a stand-alone in late 2020 after operating within the larger multi-strategy offering. According to the marketing materials, Dean's ideas are generated from three different sub-categories: thematic macro, macro relative value, and semi-systematic.
Persons: , Nat, Dean, Capula, Dean — Organizations: Service, The, Bloomberg, Business Locations: West Basin, The New York, London, Ukraine
John Naud has left his role as president at Capula and is joining Millennium. He is expected to start next year and take a senior role in the fixed-income division. Millennium recently separated its fixed-income and commodities groups. Millennium Management has made a senior hire for its recently reorganized fixed-income division, landing a top executive from Capula Investment Management. Millennium recently separated its fixed-income and commodities businesses, appointing sole leaders in each.
Persons: John Naud, Izzy Englander's Organizations: Millennium Management, Capula Investment Management, Business Locations: Capula
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