Gold in blockbuster DB spin-out


Dan Gold, one of the top proprietary traders at Deutsche Bank in New York who has also been running money for the DB Quantitative Value Trading fund, is spinning out of the bank to run his own fund.

Gold is taking his team with him to his new firm, which is called QVT, and will be getting a significant sum of capital from Deutsche Bank. He will also seek money from outside investors and is expected to emerge as one of the biggest launches of the year, raising up to $1 billion.

DB QVT currently manages close to $500 million,