Saturday, 23 August 2014
Last updated 23 hours ago
Jan 15 2014 | 2:30pm ET
A former Deutsche Bank quantitative trader is seeking up to US$200 million for his hedge fund, spun-off from the bank last year.
Philippe Azoulay founded 80 Capital to house the Helium quantitative managed-futures strategy he developed at Deutsche Bank in 2012. Last year, he opened 80 Capital with US$50 million from his former employer.
Now, he plans to begin marketing the fund to outside investors, Financial News reports, with plans to soft-close the vehicle at US$250 million. Azoulay hopes to raise the money over the next 12 months.
80 Capital's strategy hasn't posted eye-catching returns, but it has done very well during a difficult period for managed-futures strategies. Helium returned 4.43% in 2012 and 6.15% last year.
Azoulay served as the quant chief at Deutsche Bank's alternative and fund solutions group for six year. In addition to Helium, he also developed systematic trading strategies for the bank and served as a proprietary trader. Prior to joining Deutsche Bank, Azoulay worked at Calyon Securities and Capital Fund Management.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note