Tuesday, 26 July 2016
Last updated 45 min ago
Sep 27 2012 | 12:48pm ET
A top Deutsche Bank commodity-trading executive has left the bank to set up a hedge fund.
Details about Hal Lehr's planned New York-based hedge fund are sketchy, other than the fact that it will include three members of his Deutsche Bank team he identified as "core investor professionals."
"My team and I left to launch a hedge fund later this year," Lehr told Bloomberg News. "We really enjoyed our time at Deutsche and hope to continue the relationship from the client side."
Lehr left Deutsche Bank last month after two years at the firm. He was global head for cross-commodity trading, a desk set up to handle large commodities investments without distorting prices.
His plans amount to a return to the hedge fund industry for Lehr, who formerly worked at Soros Fund Management and Caxton Associates. He was also once a strategist at John Levin & Co.