Capstone Investment Advisors, one of the world's leading alternative Investment managers, is expanding its presence in both Asia and the United States. The U.S.-based firm plans to allocate $1.5 billion of risk capital to Asia by the second quarter of 2024, and is expanding its offices at 7 World Trade Center by 40,000 square feet.
The firm, which is headquartered in New York City, is a major player in the global financial markets. It was recently ranked No. 77 on the 2022 CNBC Financial Advisor 100 list, and is a claimant in a major lawsuit brought against Deutsche Bank by other market participants.
Capstone Investment Advisors has been expanding its presence in Asia since 2018, when it acquired a 20% stake in a China-based fund management company. This move was followed by the launch of its first Asian office in Singapore in 2019. Since then, the firm has been actively building its presence in the region, increasing its headcount there to over 20 people.
The company is also expanding in the U.S. In July 2020, it announced that it will be expanding its offices in 7 World Trade Center by 40,000 square feet. This expansion is part of Capstone's plan to strengthen its portfolio management team and increase its presence in the U.S. market.
In addition to its presence in the U.S. and Asia, Capstone Investment Advisors is also actively involved in the European market. It has been a claimant in a major lawsuit brought against Deutsche Bank by other market participants, which includes AQR Capital Management LLC, DRW Commodities LLC, Flow Traders BV, Capstone Investment Advisors LLC and Winton Capital Management Ltd.
The lawsuit seeks damages of up to $9.5 billion in relation to Deutsche Bank's alleged manipulation of the Euro Interbank Offered Rate (Euribor). The claimants allege that Deutsche Bank’s conduct constitutes a breach of its duties as an agent of the claimants and has caused them significant losses.
Capstone Investment Advisors is also one of the major investors in the US hedge fund industry. With Investment banking revenues at many banks down around 50%, it might be expected that this would be one of the most brutal years for job cuts in the hedge fund industry. However, Capstone has managed to remain resilient and actively recruit new talent.
Capstone Investment Advisors has managed to remain a leader in the global financial markets, despite the challenges posed by the Covid-19 pandemic. Its expansion into both the U.S. and Asia, as well as its active involvement in the European market, are testament to its commitment to providing its clients with the highest quality of services.
