CFM MD to lead Capstone APAC operations

Executive Move


Capital Fund Management's Asia Pacific managing director Steve Shepherd has left the organisation after more than nine years. He's set to become the head of the Asia Pacific region for New York-based global alternative investment manager Capstone Investment Advisors.

Shepherd first joined Capital Fund Management in 2012 in Tokyo. He relocated to Sydney in 2018. He previously was a senior portfolio manager in Toronto for the Canadian Pension Plan and was the vice president for risk management at private investment firm Cornerstone Capital Partners.

Financial Standard reports that Shepherd's departure coincides with the closure of two of Australian funds, the CFM Institutional Systematic Diversified and CFM ISTrends Trust. Because of this, they will not replace Shepherd and will instead expand the responsibilities of current director of investor relations, Craig Stanford.

"We remain committed to our strategies and the Australian market, and are grateful for the support from local investors, both retail and institutional and our local business partners. We will continue to offer CFM's expertise to Australian institutional investors as before through our locally based CFM team member and business partnerships," CFM said in a statement.

"We are working with the platforms and any impacted advisers to ease the transition as we change our approach. We are also in the process of developing new ESG and equity capped trend following products for the local advised retail market, with more details to follow."

Reporting from Karren Vergara contributed to this story.


January 2021

Managing Director, Head of Asia Pacific

Capital Fund Management


January 2021

Head of Asia-Pacific Region

Capstone Investment Advisors