Pierre Maliczak, former head of the fund derivatives business at Bank of America in London, and Kamal Fayad, former managing director in equity derivatives trading at Deutsche Bank in London, are considering starting a statistical arbitrage fund. The fund will be model-driven and market neutral, trading the Dow Jones EURO STOXX 50, according to market officials. Maliczak and Fayad declined comment.
Maliczak and Fayad have teamed up with academic Lina El-Jahel, lecturer at Imperial College in London, and another quant, according to the officials. One of the strengths of this fund is the diversity of its founders, the officials said, noting there is a trader, a structurer, an academic and a bank quant. Officials said the team are courting investors, before deciding to pull the trigger on the hedge fund.
