2027 Trading and Research Summer Internship

Capula Investment Management Internship Programme (Trading Summer Internship)

Capula Investment Management is a leading global hedge fund managing over $35 billion in assets. Headquartered in London, with offices in New York, Singapore, Hong Kong, Tokyo, Geneva, and Abu Dhabi, Capula manages absolute return, enhanced fixed income, macro, and alpha strategies for a diversified group of investors worldwide. Investments span fixed income, equities, currencies, and commodities, as well as derivatives related to these asset classes.

The Internship Programme

Each year, Capula hires a small cohort of highly motivated and intellectually curious students to join its Summer Internship Programme. Interns are hired across global offices in London, New York, Hong Kong, Singapore, and Tokyo.

Interns are embedded within a specific team and gain direct experience working with portfolio managers and traders. The programme also provides the opportunity to develop 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, interns join Capula at its London headquarters for Intern Orientation Week, including training and activities to help prepare them for the programme. This includes:

• 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 analyse economic data
• Assist in developing research ideas to support the desk’s trading strategies
• Develop tools and reports to aid in trade analysis and identification

Recruitment Process

• Python coding challenge
• Interview with the 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 Capula recommends applying as early as possible.

Diversity, Equity and Inclusion

Capula is committed to fostering a collaborative and inclusive environment. It provides employees with opportunities to develop their skills and advance their careers in the financial sector. Capula actively promotes equality of opportunity and welcomes applications from a wide range of candidates.

Qualifications

• 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, though 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 other global offices