Hedge Fund Founder DiMaio Out At Morgan Stanley

Jan 14 2011 | 1:20pm ET

Jack DiMaio's return to the sellside has come to an end after just a year-and-a-half.

DiMaio, co-founder of hedge fund DiMaio Ahmad Capital, is leaving Morgan Stanley after just a year-and-a-half as global head of interest rate, credit and currency trading as part of a major shakeup at the firm. He'll be replaced by Ken deRegt, the chief risk officer, who will seek to do what DiMaio could not: speed up the recovery of Morgan Stanley's fixed-income business.

It is not clear what DiMaio's plans are; Morgan Stanley said simply that he has decided to return to the buyside. DiMaio Ahmad is still in business—Morgan Stanley took a stake in the firm when it hired DiMaio, who remained on its advisory board.

"We wish him well and look forward to working with him as a client in the future," Morgan Stanley CEO James Gorman said.

DiMaio joined Morgan Stanley in June 2009, recruited by former CEO John Mack. DiMaio worked for Mack at Credit Suisse when he was head of fixed-income and Mack was CEO.

Gorman also named asset management chief Gregory Fleming head of retail brokerage operations. Fleming with remain head Morgan Stanley Investment Management.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.