Ex-Hedge Fund Prez Founds Treasuries Brokerage

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note