Grosvenor Backs DB Trader's Hedge Fund With $50M

Jan 7 2015 | 8:46am ET

Grosvenor Capital Management has ponied up $50 million for Deutsche Bank veteran Troy Dixon's fledging hedge fund.

Grovesnor is providing the startup cash in return for lower fees at Dixon's Hollis Park Partners, people familiar with the matter told the Wall Street Journal.

Hollis Park, named for Dixon's childhood Queens neighborhood, launched with $200 million, according to the Journal. The deal calls for Dixon to buy out Grosvenor's interest after seven years.

Dixon made his name heading up DB's 70-person residential mortgage-backed securities team until he left in 2013.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of