Saturday, 29 August 2015
Last updated 1 day ago
Aug 17 2012 | 12:30pm ET
Brigade Capital Management has hired a distressed-debt analyst from Deutsche Bank, the latest member of the bank's credit team to leave for a hedge fund.
Scott Hoffman started at Brigade this month after leaving Deutsche Bank last month, Bloomberg News reports. Hoffman spent three years at Deutsche Bank after stints at Citadel Investment Group and Credit Suisse First Boston.
Deutsche Bank has lost at least 10 credit traders since the beginning of last year, after it capped bonuses at €100,000. Last month, the bank said it would further reduce risk-weighted assets.
Hoffman's departure coincided with those of Americas flow-credit trading head Antoine Cornut and credit Analyst Tom Higbie. Cornut went to an unidentified hedge fund and Higbie went to Solus Alternative Asset Management.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…