Deutsche Macro Trading Team Starts HF

Deutsche Bank’s head of emerging markets debt trading and global macro trading, KayHaigh, has left the bank with a team of seven traders to start a hedge fund, The Wall Street Journal reports. The new firm, Avantium Investment Management, will trade interest rates, currencies and credit in emerging markets, focusing on the most liquid instruments.

Haigh will also launch a global macro emerging markets fund in the fourth quarter after its venture gets approval from the Financial Services Authority. Avantium is planning to set up offices in London and New York, and is expected to appoint four additional people before launch. Deutsche Bank will not invest in Avantium.

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