Sunday, 1 February 2015
Last updated 2 days ago
Apr 13 2011 | 11:40am ET
Jeff Kong, a former trader with Don Brownstein’s Structured Portfolio Management, has joined San Francisco’s Passport Capital.
Kong will manage the $4.4 billion firm’s mortgage-backed and fixed-income strategy.
"I am delighted to be joining Passport at this exciting point in the company's development," said Kong. "Passport's highly experienced and global investment team, coupled with its diversified range of strategies, offers a truly unique solution that sophisticated, institutional investors demand."
Kong’s departure from SPM was not exactly amicable—he sued Brownstein for $74 million he claimed he was owed by the firm. A source familiar with the case told FINalternatives the suit has been settled.
Kong has nearly 25 years of experience trading and evaluating mortgage securities. Before his tenure at Structured Portfolio Management, he was a director and senior mortgage-backed securities trader at Donaldson, Lufkin & Jenrette. Previously, he served as a vice president at Greenwich Capital Markets in mortgage-backed securities research and trading.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…