Troy Dixon, a former Deutsche Bank mortgage trader, is reportedly set to launch his first hedge fund in July this year with initial capital of US$200 million.
Dixon founded the New York-based company, Hollis Park Partners, in New York after leaving Deutsche Bank in October, according to Bloomberg News.
The newly launched firm will focus on trading the entire suite of products within the structured mortgage finance space.
According to the publication, the new firm’s investment team includes Joseph Valentine, a former co-head of CRT Capital Group’s securitized-products group, and Douglas Adelman.
Dixon said his firm’s name reflects his "journey" from growing up in the Hollis neighborhood of Queens in New York City to his current home, near Duane Park in Manhattan.