Deutsche Mortgage Trader Plans Hedge Fund

Top Deutsche Bank mortgage trader Troy Dixon is setting up a hedge fund.

Dixon left the German bank this week, Bloomberg News reports. He plans to launch a hedge fund trading U.S. agency residential mortgage-backed securities.

Dixon was head of trading for such securities at Deutsche Bank, where he spent eight years. He formerly worked at UBS, Credit Suisse and Donaldson Lufkin & Jenrette.