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Ex-Deutsche Bank FX Chief Shuts Hedge Fund to Join ExodusPoint

  • Ahmet Arinc is liquidating his $500 million macro hedge fund
  • His team will join the multi-strategy firm in a growing trend

Ahmet Arinc, the former head of foreign exchange trading at Deutsche Bank AG, is shutting down his hedge fund after four years to join bigger rival ExodusPoint Capital Management with his team.

Arinc, who started Cirera Capital in London with colleague Tijen Gumusdis, is liquidating the emerging-markets-focused macro hedge fund, according to an investor document seen by Bloomberg. The duo managed about $500 million, having grown their capital from just $17 million at the fund’s start.