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Hedge Funds Pull Funds out of Deutsche Bank

Hedge Funds Pull Funds out of Deutsche Bank

Amidst concern about Deutsche Bank financial position due to the legal penalties, about 10 hedge funds that has business dealings with the German lender have moved to reduce their financial exposure. The funds have moved part of their listed derivatives to other firms. Among them are Izzy Englander’s $34 billion Millennium Partners, Chris Rokos’s $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management.

“This has caused the shares to fall a record low of $11.48 on Thursday.”

~Bloomberg

This has caused the shares to fall a record low of $11.48 on Thursday. Deutsche Bank has been struggling to adjust to stringent capital requirements and lower trading revenue.

Related Reports: Bloomberg, Financial Times

 

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the Bank is continuously growing in North America, Asia and key emerging markets. With more than 78,000 employees in over 70 countries worldwide, Deutsche Bank offers unparalleled financial services throughout the world. The Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Visit: Deutsche Bank


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