Deutsche Bank Prop. Trader Founds Hedge Fund

Apr 4 2011 | 1:45pm ET

Deutsche Bank's emerging markets debt trading chief has left the firm and will launch a hedge fund later this year.

Kay Haigh has incorporated Avantium Investment Management and is awaiting approval from the U.K. Financial Services Authority, Financial News reports. Avantium has been in the works for two years; Haigh planned to incubate the new firm within Deutsche Bank, but that firm no longer seeds hedge funds founded by former members of its proprietary trading team.

Avantium's maiden hedge fund, a global macro emerging markets fund, should debut in the fourth quarter.

Haigh took seven members of his team with him; Avantium is likely to hire four more people before its first fund launches. The London-based firm also plans a New York office.

Haigh had worked at Deutsche Bank since 1994.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of