Monday, 30 November 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…