CAPSTONE INVESTMENT ADVISORS, LLC Profile
Capstone Investment Advisors LLC is a hedge fund sponsor based out of New York City. The company was established in 2007 by founder Paul M. Britton, who is currently still with the company today acting as its CEO and Manager. Capstone Investment Advisors has grown from its inception to now have 88 employees of which 31 are investment professionals. The company mainly conducts its research internally, although it also does external research in order to supplement its in house operations. Capstone Investment Advisors utilizes value volatility and structured credit methodologies to make its investment strategies in public equity, fixed income, and alternative markets on a global scale. The company invests most heavily in the information technology sector, which alone makes over a third of its total asset allocations, and also invests in the finance, making up another quarter of its total asset allocations, health care, consumer discretionary, and materials sectors, among others to a lesser degree, in order of decreasing amount allocated. Other than its top holdings in Apple Inc., which alone makes up over 10% of its total asset allocations, none of its holdings exceed 7% of its total allocations with its top 10 holdings making up just under half of its total holdings. Capstone Investment Advisors holds over $22.5 billion in total assets under management spread across 7 accounts, all of which are discretionary. Although its total number of accounts has been decreasing in recent years, its total assets under management has been increasing significantly, growing from $3.7 billion back in 2010 to well over 6 times that amount today. Capstone Investment Advisors mainly caters to pooled investment vehicles, which alone makes up over three quarters of its total client base, and also provides its services to investment companies. The company takes advisory fees from a percentage of assets, fixed fees, and various performance based fees.