Millennium, Oaktree Vet Sullivan Joins JPMorgan Research Team

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.

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