Nomura rates trader joins Capstone as a portfolio manager
Another senior rates trader has moved from Nomura to the hedge fund industry, with Mathias Berenger joining London-based Capstone Investment Advisors as a portfolio manager following five years at the Japanese bank, according to a report by eFinancial Careers.
Mathias Berenger, a seasoned rates trader with a focus on options, has transferred from Nomura to join London-based Capstone Investment Advisors as a portfolio manager, according to eFinancial Careers. Berenger, who had a five-year tenure at Nomura, recently took a six-month break before re-entering the market. His expertise extends to derivatives trading across investment banks and hedge funds, with previous stints as head of US volatility trading at Citi and head of European vanilla options trading at Credit Suisse and Barclays.
Berenger's background also includes portfolio management experience at hedge funds such as Capula and H2O Asset Management. Berenger's appointment enhances Capstone's portfolio management team with a senior derivatives trader possessing a diverse range of experience. Nomura's departure of senior rate traders in 2026 has created a noticeable impact, with experienced professionals from both rates and foreign exchange businesses leaving the bank.
The UK Financial Conduct Authority's records indicate Berenger as a significant risk taker for Nomura's UK business between 2021 and 2023. No official comment was provided by Nomura regarding his departure or new appointment. Another notable exit from Nomura's rates operation was Hoe Lon Leng, the global head of FX and flow rates trading, who joined Singapore-based macro hedge fund Modular Asset Management, a firm formerly part of Millennium.
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