Tuesday, 13 October 2015
Last updated 58 min 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…