Deutsche Bank Quant Team To Form Hedge Fund

Feb 25 2009 | 12:21pm ET

With their firm cutting back on risky businesses like their own, Deutsche Bank’s quantitative trading team is leaving to start a hedge fund.

The members of the Equitech Group are setting up New York-based Roc Capital Management, Bloomberg News reports. The fund will open in the second quarter with more than 20 staffers, including traders and scientists. In addition, the firm will have a team of 40 in India, trained by Equitech.

Equitech lost just 1% last year, but Deutsche Bank’s CEO Josef Ackermann’s decision to cut back on proprietary trading includes the quant group. The team returned 2.37% last month.

Roc Capital will be headed by Arvind Raghunathan, currently head of global arbitrage.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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