Wednesday, 20 August 2014
Last updated 9 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note