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

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note