Hal Lehr, a former trader at Deutsche Bank and Soros Fund Management, is reportedly set to launch a New-York hedge-fund firm.
The firm is scheduled to start in January with JPMorgan investing about half its initial $100m of capital, a person with knowledge of the fund told Bloomberg.
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Dubbed Aithon Capital, the new global macro fund is expected to focus on commodity trading.
Lehr nurtured plans to start Aithon after resigning as head of Deutsche Bank’s global cross-commodity trading unit in the end of 2012, but the plan was delayed following his appointment as an adviser in the Carlyle Group.
Deutsche Bank will be among the prime brokers of the hedge fund firm.
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