According to a Reuters news report, Jama joins Chicago-based Glenwood, which oversees more $4.7 billion in assets, as a director and a member of the investment committee.
He will report to Glenwood Chairman Frank Meyer and Glenwood President Ross Laser, the group said in a statement.
Jama left Deutsche less than a year after being promoted to the German banking giant’s hedge fund group as part of the company’s plans to become the world’s largest hedge fund player, Reuters said.
Jama’s move also comes shortly after both Glenwood and Deutsche filed plans with US financial regulators to sell new hedge funds for a fraction of the multimillion-dollar investment minimums these loosely regulated funds normally require, Reuters said.
Jama, who was closely involved with Deutsche’s new fund, was listed as the manager for Deutsche’s fund on regulatory filings made earlier this summer.