Biography

Jugakalpa Das is the Founder & Principal of FR Global Macro (FRGM), where he runs the firm's discretionary macro book and sets its research direction. He brings more than 18 years across global fixed income, energy, and cross-asset markets. He spent roughly a decade at Bank of America Merrill Lynch — holding positions as a quantitative analyst, VP of rates trading and strategy, and ultimately a US interest-rate options trader running gamma market-making — building systematic strategies for linear and non-linear hedging across a cross-asset desk. He went on to manage a fixed income portfolio at DRW and, most recently, joined Sumo as a senior portfolio manager heading systematic fixed income trading. His earlier career spans proprietary energy and soft-commodity trading at Oak Capital and rates valuation work at Deutsche Bank. Das pairs discretionary macro judgment with quantitative models for hedging, central-bank tracking, and positioning, and applies an Elliott Wave–based technical framework to markets. He holds the Series 7 and 63.

Areas of Expertise

• Global macro
• Fixed income
• Gamma / volatility trading
• Energy & commodities
• Systematic hedging
• Technical analysis (Elliott Wave)
• B.Sc. Mathematics & Chemistry — St. Xavier's College, Kolkata

Media & Appearances

• Ex-Bank of America trader joins Sumo as head of systematic fixed income trading — Financial News London