Episteme Capital

What Episteme Capital does

Episteme Capital is a London-based, privately-held investment management firm founded in 2009 that provides a strategy to trade liquid futures and foreign exchange markets. The firm operates with a small team of 11-50 employees and is led by three co-founding partners: Adrian Eterovic (Co-Founding Partner, CEO and Chief Investment Officer), Richard Leahy (Founding Principal and Management Committee member), and Gustavo Lau (Founding Principal, Head of Risk and Head of Operations). The separation of investment, risk, and operations responsibilities across the founding team reflects a standard institutional risk-management framework typical of CTAs and managed futures firms.

The firm's business model is consistent with the boutique hedge fund or Commodity Trading Advisor (CTA) model, generating revenue through management and performance fees on assets under management deployed via its systematic futures and FX strategy. No further information is available about specific fund vehicles, AUM, performance track record, fee structure, investor composition, or underlying technology stack. Given that the strategy focuses on liquid, exchange-traded and OTC instruments (futures and FX), the firm is likely subject to FCA authorization and NFA/CFTC oversight if serving US investors, though no regulatory filings are present in the source material.

The available source material is unusually thin — the firm's own website displays only a generic loading/verification page with no substantive content, and most structured data fields across the input are empty. This significantly constrains deeper analysis of the firm's products, technology, customer base, regulatory standing, and growth trajectory, and represents a material diligence gap for any investment, partnership, or M&A evaluation.

Name

Episteme Capital

Website

https://epistemecap.com

Company type

Private

Founded year

2009

Headcount range

11–50 employees

Short description

Episteme Capital is a London-based, privately-held investment management firm founded in 2009 that runs a systematic trading strategy in liquid futures and foreign exchange markets for external third-party investor clients.

Ownership category

akta.pro rank

Product category

Managed Futures & FX Investment Management

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Hedge Funds — Commodity Relative Value (Spreads/Arb) (FSAHAHAB)

Keywords

• Managed futures
• Fx trading strategy
• Liquid futures trading
• Currency trading
• Investment management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Core offering

Episteme Capital is an investment management firm that provides a strategy to trade in liquid futures and foreign exchange markets. Founded in 2009 and headquartered in London, the firm offers managed futures and FX trading strategies supported by an in-house risk and operations function, targeting institutional and professional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Managed Futures & FX Trading Strategy Systematic trading strategy focused on liquid futures and foreign exchange markets, offered by Episteme Capital to institutional and professional investors as a managed-futures and FX investment management mandate.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Direct peers

• Aspect Capital: London-based systematic CTA trading global futures and FX markets — directly comparable to Episteme's stated strategy in liquid futures and FX. Both target institutional allocators seeking diversified systematic macro exposure.
• Man Group (AHL): AHL, the systematic arm of publicly listed Man Group, runs large-scale trend-following and macro futures/FX strategies from London. Direct comparable on instrument set, style, and target allocator base; sized as a scaled incumbent in the same niche.
• Caxton Associates: Global macro hedge fund trading FX, rates, commodities, and equity indices through liquid instruments. Comparable in liquid-futures/FX strategy mandate and institutional allocator focus.
• Capula Investment Management: London-based macro hedge fund trading rates, FX, and credit-related instruments. Comparable in London domicile, macro-focused strategy, and institutional client base.
• Brevan Howard: London-based macro hedge fund trading rates, FX, and global macro instruments including futures. Comparable in London domicile, macro universe, and institutional allocator base, though more discretionary in approach.
• Rokos Capital Management: London-based macro hedge fund founded by former Brevan Howard traders, trading rates, FX, and commodities globally. Directly comparable in macro futures/FX focus and London institutional market.
• BlueCrest Capital Management: London-based systematic macro manager trading discretionary and systematic strategies across rates, FX, and commodities. Comparable in instrument universe and macro-focused mandate, with a larger established track record.
• Cantab Capital Partners: Cambridge/London-based systematic CTA trading global futures and FX markets, now part of GAM Systematic. Comparable in instrument universe, systematic style, and UK institutional distribution.
• Winton Group: London-headquartered systematic futures and FX manager running trend-following and macro strategies at scale. Closely comparable to Episteme in instrument universe (futures/FX), systematic approach, and London institutional distribution.
• GSA Capital Partners: UK-based systematic macro manager trading liquid futures and FX, now part of Man Group. Comparable in instrument universe, systematic approach, and London-based institutional market.

Market position

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Episteme Capital