Fund launches & closures

Deutsche global macro prop trading chief Haigh goes solo

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Kay Haigh, the head of global macro trading at Deutsche Bank, is leaving with a team of traders to start their own macro/emerging markets hedge fund firm as the pace of bank prop trading spin-outs continues to accelerate.

Haigh is taking six traders from the bank with him to form his new venture, which will be based in London and New York. It is understood that the departure is very amicable and forms part of Deutsche’s strategic move away from prop trading in recent years.

Haigh, who was based in London, had been running the global macro prop