Capistrano no longer works with bundle exec

/home/rubys/.rvm/gems/ruby-2.0.0-p247@global/gems/bundler-1.3.5/lib/bundler/rubygems_integration.rb:280:in `block in replace_bin_path': can't find executable capify (Gem::Exception)
        from /home/rubys/.rvm/gems/ruby-2.0.0-p247/bin/capify:19:in `<main>'