Ex-Deutsche Bank Quant Begins Marketing Managed Futures Fund

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.


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