DB Advisors' global statistical arbitrage team in London is leaving to start its own firm and is prepping two funds it will launch with a total of $500 million. The 15-member team led by Jon Hiscock will remain until March 1, after which it will open GSA Capital. Stephen MacIntyre, formerly of BlueCrest Capital Management and currently working for Hiscock, will serve as the firm's coo. It will launch a long/short equity market neutral fund that will have onshore and offshore versions.
DB Advisors, which is an internal hedge fund of Deutsche Bank, manages capital for the bank and Deutsche Asset Management's DB Global Masters Fund. DeAM will be an investor in the new fund manager.
GSA will be headquartered in London but will also have an office in New York. Hiscock, MacIntyre and a Deutsche Bank spokeswoman declined comment.
