Nat Dean, a partner and senior portfolio manager at Capula Investment Management, is preparing to spin out the hedge fund he currently runs at the investment firm.
The $3.5 billion Capula Tactical Macro fund that he manages is expected to move out during the second half of the year, according to a person with knowledge of the matter. It will operate under a new New York-based entity named West Basin Capital Management, the person said, asking not to be identified because the details are private.