Sunday, 28 December 2014
Last updated 2 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.