The hedge fund firm launched by former Deutsche Bank flow credit trading head Antoine Cornut has profited nearly $1.4 million since its 2012 inception.
Financial News reported that revenues in London-based Camares Capital reached over $3.7 million over the same period-- from its launch in August 2012 to the end of last year.
The article added that the amount only included 10 months of revenues as the firm did not start earning revenues until gaining regulatory approval from the Financial Conduct Authority in February last year.
Cornut previously headed the fow-credit trading in the Americas and Europe for Deutsche before resigning in July 2012 to start Camares. The firm was seeded by Saba Capital Management founder Boaz Weinstein, who was previously a high-profile former proprietary trader at Deutsche.