Wednesday, 1 April 2015
Last updated 13 min ago
May 11 2010 | 11:25am ET
James Sullivan, a veteran of hedge funds Millennium Management and Oaktree Capital Management, wanted to launch his own hedge fund focused on Asia. But with other startups in the region finding fundraising difficult, he’s gone the other way, returning to investment banking.
Sullivan has been named head of Asia telecom research and a telecom, Internet and new media strategist at JPMorgan Chase, Bloomberg News reports. He will remain based in Singapore and work to rebuild JPMorgan’s telecom research unit, which has been hit with a series of high-level departures.
Sullivan managed money at both Millennium and Oaktree. Most recently, he served as managing director of Millennium’s Asia business, managing an Asian telecom, media, Internet and gaming portfolio. Prior to entering the hedge fund business, he worked for a decade at Credit Suisse.
“There are some pretty good fundamental analysts out there; there are some very good trading-oriented analysts out there,” Sullivan told Bloomberg. “Personally, I haven’t seen a team that is effectively married with two sides of that coin. That’s where the real power is in my mind.”
Sullivan said he hopes to bring his hedge fund experience to bear on the JPMorgan telecom unit. He said he ruled out launching his own hedge fund in the city-state because of the difficulty start-ups have had raising capital.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…