Ex-Deutsche Bank Quant Team Raises $1.2B For Hedge Fund

Jun 16 2009 | 2:15am ET

Deutsche Bank’s former top global arbitrage trader will open his own hedge fund firm next month with more than $1 billion, the largest hedge fund launch of the year so far.

Roc Capital Management has raised $1.2 billion, Bloomberg News reports. Nearly half of the money—$500 million—comes from Deutsche Bank, Roc founder Arvind Raghunathan’s former employer, and will be managed in a separate account.

Raghunathan served as head of Deutsche Bank’s global arbitrage group, leading its Equitech Group quantitative trading team. The German bank shed the 20-strong team earlier this year as part of its cutback on proprietary trading. Equitech lost 1% last year.

In addition to the 20 Equitech team members, New York-based Roc will also have a 40-member team in India.

Roc’s launch is more than twice the size of the second-largest planned hedge fund debut this year. Tyrus Capital, led by former Deephaven Capital Management fund manager Tony Chedraoui, will open its doors in October, and has raised more than $500 million.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note