A managing director at Deutsche Bank is leaving after nearly eight years to start his own hedge fund firm.
Bloomberg reported that Troy Dixon, who left the Frankfurt-based bank earlier this week, will focus on U.S. government-backed home-loan securities through his new hedge fund. The name and the date of the fund launch were not disclosed.
Dixon, who traded mortgage bonds at Deutsche, will be replaced by Christopher Babu as head of trading for government-backed residential mortgage securities.
Dixon is among a slew of a Deutsche Bank traders who have left the bank to start their own hedge funds, including Saba Capital Management’s Boaz Weinstein, Premium Point Investments’ Anilesh Ahuja and Seer Capital Management’s Philip Weingord.