Ex-Deutsche prime broker to launch in Japan

A former senior salesman in Deutsche Bank's Japanese prime brokerage business, which finances hedge fund trades, is hoping to raise $500m (€400m) for a Japanese fund of funds which he claims is the first of its kind.

Bloomberg reports that Ed Rogers, who was a salesman in Deutsche Bank prime services in Japan until May, said his new fund will be the first to be based in Japan and open to US investors.

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