Capula is a global fixed income specialist firm located in London with affiliated entities in Greenwich (CT), Jersey (Channel Islands), Hong Kong and Tokyo. Co-founded in 2005 by Yan Huo, managing partner and CIO, the firm manages absolute return, enhanced fixed income and tail risk strategies. The core investment team consists of ten trading partners with over 190 years of collective experience. Several of the senior trading team were members of the J.P. Morgan proprietary trading group and have focused on interest rate markets for the majority of their careers. Over many years, individual members of the team have refined discretionary trading and risk management techniques in the focus markets and over the last 20 years have managed through all major market crises, including 1998 and 2008.