Bigger markets, more alpha: Capstone’s Paul Britton on running a derivatives hedge fund

In this episode of Goldman Sachs Exchanges, Tony Pasquariello interviews Paul Britton, the founder and CEO of Capstone Investment Advisors, about his journey building the firm, the evolution of the derivatives market, and current investment opportunities and challenges. Britton discusses the origins of Capstone, key moments of growth and crisis, and the increasing accessibility and mainstream adoption of derivatives. He also shares his perspectives on the current market environment, the impact of geopolitical factors, and the role of central banks. Furthermore, he touches on the rise of private assets and its effect on hedge fund allocations, as well as his management style as a CEO, emphasizing consistency, vulnerability, and the importance of embracing AI to enhance productivity.