Tue, Jun 30, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

New Balliol Credit Alpha Fund finds sweet spot in European credit

Wednesday, November 05, 2014

amb
Vassilis Paschopoulos
Benedicte Gravrand, Opalesque Geneva for New Managers:

In 2013, Deutsche Bank consolidated its investment-grade debt and asset-backed securities trading units in London to cut costs and riskier holdings. Deutsche’s head of European Credit Trading, Vassilis Paschopoulos, decided to leave. Paschopoulos joined the bank in 2011 but had worked there before for six years. Two other traders, Alexis Serero and James Nowak, had left shortly before him to join Citigroup and Goldman Sachs respectively.

Deutsche Bank had said in 2012 that it would cut €4.5bn of costs annually through 2015 by firing bankers, merging units and moving support staff to lower-cost locations, reported Bloomberg. At that time, Bjoern Wiegelmann, a credit trading director, left Deutsche for Citigroup, and Antoine Cornut, Deutsche's head of flow-credit trading, left to start his own hedge fund (from the latest we heard of it, Camares Capital is doing well).

For now, Deutsche’s fixed-income trading revenue fell 2% to €5.69bn ($7.1 billion) in the first nine months of 2014, ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m