Liquid alternatives boutique Capel Asset Management has launched today (5 October 2026).
The new business stems from a management buyout from Downing LLP, which sees the liquid alternatives team and the two strategies it manages set-up shop independently.
The core team comprises CEO Russell Catley, CIO Paul Adams, head of multi-asset Jon Gumpel and non-exec chair, Richard Watts.
Between them, they have 130 years’ experience and are supported by four investment and operations professionals.
They aim to deliver defined outcome, multi-asset strategies, using derivatives, alternatives and traditional assets.
The initial funds available to clients are the MGTS Capel Active Defined Return Assets fund managed by Adams, and the MGTS Capel Diversified Opportunities fund run by Gumpel.
Catley (pictured) said: “The launch of Capel marks a significant new chapter for the team as an independent owner-managed entity, building on our exceptional growth over the last 18 months.
“More importantly, we are very encouraged by the reaction this news has received by our existing clients who understand the logic behind it and are fully supportive of our proposition.
“Our focus is squarely on continuing to deliver excellence in terms of market-leading investment performance and cost, to help clients achieve their objectives.”
Adams added: “Against an economic backdrop characterised by persistent inflation and higher volatility, there is clear investor appetite for solutions that target defined outcomes, improve a portfolio’s risk/return profile and that are liquid by design.
“This is evidenced by the strong growth of the defined outcome sector globally.”
