Friday, 27 March 2015
Last updated 4 hours ago
Feb 2 2011 | 10:14am ET
With at least one hire, JPMorgan Chase is bucking the trend—accelerated by the U.S. financial reform—of proprietary traders leaving banks to go to hedge funds.
Instead, JPMorgan has hired a proprietary trader who left the firm five years ago. Stefan Tsonev joined Dillon Read Capital Management, the UBS hedge fund which crashed and burned three years ago. He then moved on to Millennium Capital Partners, which he left after a year in the fall, Financial News reports.
Now, he's back at JPMorgan, once again as a prop. trader—for now. Tsonev, who has been working at JPMorgan since Jan. 17, according to regulatory filings, was named a managing director on the firm's emerging market prop. desk. But FN reports that JPMorgan plans to transfer him to its asset management business as it continues to wind down its prop. trading operations.
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…