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IPFS News Link • Central Banks/Banking

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

• http://www.zerohedge.com

.While the vast majority of Deutsche Bank's more than 200 derivatives-clearing clients have made no changes, some funds that use the bank's prime brokerage service have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News.

Millennium Partners, Capula Investment Management and Rokos Capital Management are among about 10 hedge funds that have cut their exposure, said a person familiar with the situation who declined to be identified talking about confidential client matters.
 
The hedge funds use Deutsche Bank to clear their listed derivatives transactions because they are not members of clearinghouses. Millennium, Capula and Rokos declined to comment when contacted by phone or e-mail.


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