When Antoine Cornut quit Deutsche Bank in July, he was reportedly heading to a hedge fund. He is, but it is his own.
Cornut, who was head of flow-credit trading in the Americas and Europe at the German bank, has founded Camares Capital in London. He's expected to begin raising money for the hedge fund next year, Bloomberg News reports.
Camares, which applied for registration in the U.K. in August, will likely invest in European credit opportunities.
The 37-year-old declined to comment, according to Bloomberg.
Cornut has lured some Deutsche Bank colleagues to his new venture, including Askin Aziz, who served as a high-yield credit analyst at the bank. Aziz formerly worked for hedge fund James Caird Asset Management.