Deutsche Bank hedge fund spinout targets $250m

FN – A former quantitative trading chief at Deutsche Bank is hoping to raise as much as $250 million for a managed futures hedge fund that he will begin marketing in earnest this year.

Philippe Azoulay, who spent six years in charge of all the quantitative aspects of Deutsche Bank’s alternative and fund solution group, secured $50 million in seed funding from Deutsche Bank for his hedge fund start-up, 80 Capital, a year ago.

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