Tuesday, 24 November 2015
Last updated 3 hours ago
Feb 23 2010 | 7:22am ET
A former hedge fund executive has founded a brokerage that will specialize in government bonds with a pair of fellow Bank of America veterans.
Mark Werner, who served as president of global macro shop Graham Capital Management for a year and a half after leaving BofA, is now heading Pierpont Securities Holdings. The new Stamford, Conn.-based firm has already raised $85 million from six investors in a private offering, and is seeking a further $135 million, according a Securities and Exchange Commission filing.
Pierpont—named for J. Pierpont Morgan, namesake of JPMorgan Chase, where Werner served as a vice chairman before joining BofA in 2004—is already registered with the Financial Industry Regulatory Authority. And Werner is no stranger to government debt, as he serves on the U.S. Treasury Dept. borrowing advisory committee, which he once headed.
Joining him at the new firm are Thomas Connor, who was head of U.S. Treasury trading at JPMorgan until joining BofA with Werner, and Joseph Blauvelt, who joined BofA in 2006.
Werner is CEO of Pierpont, Connor president and Blauvelt CFO.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…