Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.