Deutsche Bank Courts New York Hedge Funds After Cuts
- German lender has tried to shift some business away from U.S.
- On Thursday, its leaders privately met clients it aims to keep
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Deutsche Bank AG’s hedge fund clients have had a front-row view of tumult this year, as the lender’s new leader unveiled another strategy, dramatically shrinking its U.S. prime brokerage.
Now, the firm is trying to reassure some of its most important customers in New York -- those it wants to keep -- that it’s ready to handle their business.