Lehr To Launch Hedge Fund With JPMorgan Backing

Sep 23 2014 | 11:00am ET

Two years after he first announced his intention to do so, former Deutsche Bank and Soros Fund Management trader Hal Lehr is launching his own hedge fund.

Lehr had initially announced plans to launch a fund in 2012, when he stepped away from his post as head of DB's global cross-commodity trading division, but instead signed on as an advisor at Carlyle Group.

Now, a person with knowledge of the fund told Bloomberg, Lehr is preparing to launch Aithon Capital in January with $100 million, half of which comes from JPMorgan Chase & Co, which may eventually up its investment to $500 million.

DB will act as a prime broker for the global macro fund, which may have a focus on commodity trading, said Bloomberg.

Lehr's hedge fund credentials are solid: In addition to Soros, he also worked at Caxton Associates and was once a strategist at John Levin & Co.

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