Wednesday, 23 July 2014
Last updated 1 hour ago
Feb 4 2014 | 12:36pm ET
Former Deutsche Bank mortgage trader Troy Dixon will launch his first hedge fund this summer with $200 million in initial assets.
Dixon founded Hollis Park Partners in New York after leaving Deutsche Bank in October. The firm's first fund is expected to launch in July, he told Bloomberg News.
Hollis Park will focus on "the entire suite of products within the structured mortgage finance space," the firm said in a marketing document. The new hedge fund features Glenn Morrison as chief operating office and former CRT Capital Group securitized product co-head Joseph Valentine. Douglas Adelman is also listed in the marketing document, with Ajai Thomas handling investor relations. Hollis Park will use prime brokerage services from Bank of America, Barclays and Goldman Sachs.
Dixon, who was named one of the 75 most powerful blacks on Wall Street in 2011, said his firm's name reflects his "journey" from growing up in the Hollis neighborhood of Queens in New York City to his current home, near Duane Park in Manhattan.
Dixon is just the latest Deutsche Bank mortgage veteran to start a hedge fund, following Greg Lippmann and Boaz Weinstein, who launched LibreMax Capital and Saba Capital Management, respectively.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…