Deutsche Bank Credit Trader Danford To Hedge Fund Arrowgrass
May 4 2011 | 11:41am ET
A top Deutsche Bank trader has left the firm for a hedge fund spun off from the bank three years ago.
Scott Danford has joined Arrowgrass Capital Partners, the New York- and London-based multi-strategy firm launched in 2008 by former Deutsche Bank traders Henry Kenner, Nick Niell, James Barty and Michael Sung Wook Chung. The firm runs a managed account for Deutsche Bank.
Danford was a star credit trader at Deutsche Bank, and is the third credit trader—after Thomas Curran, now at Rose Grove Capital Management, and Prakash Narayana, now with Saba Capital Management—to leave Deutsche Bank this year for a hedge fund founded by a Deutsche alumnus, Bloomberg News reports.
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