Wednesday, 26 April 2017
Last updated 1 hour ago
Aug 17 2010 | 12:22pm ET
Deutsche Bank’s former top proprietary stock trader has resurfaced at hedge fund Graham Capital Management.
Pablo Calderini was named Graham’s chief investment officer, Bloomberg News reports. He left Deutsche Bank—which is winding up his former prop. desk—last month for an unidentified hedge fund, now revealed to be Graham.
Graham founder Ken Tropin told Bloomberg that he had been recruiting Calderini for three years, and that his efforts bore fruit only after the introduction of the Volcker rule in the U.S., which bars banks from proprietary trading. The Volcker rule passed last month as part of the larger U.S. financial regulation overhaul.
“We plan to hire about 10 traders in the next six to nine months with Pablo leading that effort,” Tropin said.