Capula Investment Management, a fixed income hedge fund manager in which Goldman Sachs' Petershill Fund owns a stake, is reported to have hired the former head of global rates and currency trading for Bank of America Merrill Lynch in London.

David Gu, who retired from the US bank earlier this month, will join Capula in London as co-chief investment officer later this year, according to Bloomberg, citing a letter to investors from Capula founder Yan Huo.