|Kay Haigh, a trader who joined Deutsche Bank AG in 1994, left his role as head of global macro trading to found hedge fund Avantium Investment Management. According to the Wall Street Journal, Avantium will focus on emerging markets rates, currencies, and credit. Kay Haigh is taking his team of seven traders with him to start Avantium Investment Management, and the firm said they are looking to hire up to four additional employees before launching. |
Deutsche Bank AG has helped seed spin-outs of its proprietary trading operations in the past as a result of the Volcker rule of the Dodd-Frank act, but reportedly will not be investing in Avantium Investment Management.