Capstone's financial services team complements its expertise in policy and politics with substantial buy and sell-side experience. We provide clients with in-depth analyses of how federal and state policies affect investments in the financial services sector. Through our London office, we analyze policy and regulation at both the European Union and Member State level.

Key decisions are regularly made by legislators and regulators on such issues as reimbursement rates, public health priorities and medical technologies. Capstone's access to the policy world allows it to provide an array of insights, from a micro study of local drug restrictions to a macro view of federal budget proposals, effectively translating regulatory directives into practical intelligence for clients.

Capstone prides itself on its ability to identify unique investment ideas through deep-dive policy research. Capstone's analysts spend hours sifting through comment letters, proposed rules, agency publications and legislative drafts, while also attending public hearings in Washington, DC. The output of this process is often a differentiated investment idea with unique distressed or event-driven features.