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A new high-profile hedge fund has just made a big hire

Aug 25, 2024, 19:30 IST
REUTERS/Toby MelvilleDealers work on the trading floor of BGC Partners in the Canary Wharf financial district in east London.A high-profile hedge fund launch has just hired a 15-year Deutsche Bank veteran.

Ben Melkman's Light Sky Macro, a New York-macro hedge fund, hired Jérôme Saragoussi as director of trading strategy, according to people familiar with the matter.

Saragoussi resigned from Deutsche Bank on Monday, the people said.

Saragoussi started working at Deutsche Bank in 2002. He was most recently director of rates, volatility and relative value at the German bank, according to a LinkedIn page.

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Light Sky Macro launched earlier this year, and was founded by Melkman, who previously worked at Brevan Howard Asset Management.

The new fund's investor list includes several big name hedge funders, including Steve Cohen, Third Point's Dan Loeb, Moore Capital's Louis Bacon, Coatue's Philippe Laffont and Stone Milliner's Jens-Peter Stein, Business Insider previously reported.

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