2027 Trading and Research Summer Internship

About Capula Investment Management

Capula Investment Management is a leading global hedge fund managing over $35 billion in assets. We are headquartered in London and have offices in New York, Singapore, Hong Kong, Tokyo, Geneva and Abu Dhabi. We manage absolute return, enhanced fixed income, macro and alpha strategies for a diversified group of investors worldwide. Capula invests across a broad universe of asset classes, including fixed income, equities, currencies and commodities, as well as derivatives related to these asset classes.

Internship Programme

Each year we hire a small cohort of highly motivated and intellectually curious students interested in pursuing a career in trading to join our Summer Internship Programme. Interns are hired across our global offices in London, New York, Hong Kong, Singapore and Tokyo.

This is an opportunity to work with some of the industry's best traders. Interns are embedded within a specific team and gain direct experience working with portfolio managers and traders, developing quantitative strategies and models that contribute to real trading decisions.

The internship runs for ten weeks from June to August. At the start of the internship, you will join us at our London headquarters for Intern Orientation Week, where you will participate in training and activities to help prepare you to excel in the programme, including:

• Training on financial markets
• Trading Simulation game
• Presentations from senior stakeholders and managers of front office and support teams
• Social and networking activities, including an intern dinner with Senior Portfolio Managers

Responsibilities

• Work closely with Traders, Portfolio Managers and Quantitative Researchers on defined project(s) leading directly to trading decisions
• Receive and participate in training in financial modelling, analysis, research methods and trading strategies
• Evaluate market conditions and perform economic data analysis
• Assist in developing research ideas to support the desk's trading strategies
• Develop tools and reports to support trade analysis and identification

Recruitment Process

• Python coding challenge
• Interview with our Talent team
• Quantitative interview with a member of the Quantitative Strategy team
• Final interview with a Senior Trader or Portfolio Manager, and Chief of Staff

Applications are screened on a rolling basis, so we recommend applying as early as possible.

Diversity, Equity and Inclusion

Capula is committed to fostering a collaborative and inclusive environment, providing employees with the opportunity to develop their skills and advance their careers in the financial sector. We actively promote equality of opportunity for all with the right mix of talent, skills and potential, and welcome applications from a wide range of candidates.

Requirements

• Students due to graduate in 2027 or 2028, working towards a Bachelor's, Master's or PhD degree in Economics, Finance or a quantitative discipline (e.g., Mathematics, Physics, Computer Science, Engineering, etc.)
• Demonstrable interest in financial markets and trading (no previous finance experience required)
• Outstanding quantitative and analytical skills
• Experience with Python and Excel (C++, R and Java are beneficial but not essential)
• Strong interpersonal and communication skills

Compensation and Benefits

• Competitive salary
• Relocation assistance (accommodation allowance and travel to/from the internship location)
• Visa sponsorship
• Employee restaurant with free breakfast, lunch and dinner in London, and subsidised lunch options in our other global offices