BlueGold Currency Head To Launch Hedge Fund

Apr 1 2011 | 1:34pm ET

BlueGold Capital Management star currency trader Stephen Jen is launching a hedge fund of his own.

Jen has left the US$2 billion commodity hedge fund shop to set up his SLJ Macro Partners business, which opens next week. The London-based firm is expected to launch its maiden fund in the coming months, after winning approval from British regulators. SLJ will also offer currency overlay services.

SLJ's hedge fund will specialize in currency trading, but will also invest in commodities, equities and fixed-income to curb volatility.

Jen's exit from BlueGold, where he was director of macroeconomics and currencies, yesterday was amicable, according to media reports. SLJ will continue to have a "business relationship" with BlueGold, the Financial Times reports, although what that relationship will be is unclear.

Jen joined BlueGold about two years ago from Morgan Stanley, where he spent more than a decade and served as lead currencies analyst. Prior to joining the investment bank, he worked at the International Monetary Fund.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note