Capstone

Recent cycles have advertised:

• Investment Internship (New York): pod placements have included Sovereign Rates Relative Value, Global Equity Volatility, Quantitative, Convertible Bond Arbitrage, and Equity Capital Markets
• Quantitative Risk and Quantitative Risk Technology (New York and London)
• Software Engineering (New York and London)
• Client Solutions and Legal & Compliance (New York)
• Risk Internship (London) for the 2026 cohort

Because the Investment track places a candidate into a specific pod rather than rotating across desks, the firm screens for fit with a single strategy at the application stage; a candidate optimising for breadth across asset classes would prioritise a rotational programme at a multi-strategy platform instead.

Named single strategies on the platform include Dispersion, Risk-Recycling, Trend-Following, Convex Portfolio Protection, and Equity Replacement; Capstone Solutions runs customised institutional mandates such as tail hedging and currency overlay. Investment-internship pod placements map directly onto these strategies – Sovereign Rates Relative Value, Global Equity Volatility, Convertible Bond Arbitrage – so a summer hire joins the firm's core franchise rather than a generalist rotation. Compared with a multi-strategy generalist platform the trade-off is depth in a narrow vol-and-derivatives book versus breadth across asset classes, and that fit is what the application screens for.