Wednesday, February 16, 2005

 

Deutsche Bank Spinout

Deutsche Hedge Fund team to set up own firm
WSJ reports, according to people familiar with the matter, a hedge fund team at Deutsche Bank AG is leaving to set up its own firm in Hong Kong. The group of 12, led by Davide Erro plans to start Gandhara Capital in April with $1 billion. The fund will concentrate on investments in Asia and Europe.
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