WMG, the hedge fund and wealth management firm, plans to roll out three in-house hedge funds in the second quarter of this year. Mark Richardson, head of risk management, said the new fund strategies are likely to be global macro, credit arbitrage and...
Commerzbank is to close its trading and sales operations in London for foreign exchange.
Two former Deutsche Bank traders have launched a New York-based hedge fund, becoming the latest in a string of former investment bank employees to enter the business.
Mark Richardson, global head of derivatives at Commerzbank Securities, has left the bank to join Mehmet Dalman at his new wealth management company, WMG. Dalman is the former head of global equities at Commerzbank.