Tuesday, 29 July 2014
Last updated 9 hours ago
Aug 8 2011 | 12:56pm ET
A former top trader at Goldman Sachs headlines a slew of new hires at hedge fund Jabre Capital.
The Swiss firm, founded in 2006 by former GLG Partners star trader Philippe Jabre, added Mona El Isa in May to run a fundamentally-researched portfolio of U.S. and European stocks. El Isa, who earned a place in the late Trader Monthly's 2008 30 under 30 ranking, left Goldman in February.
According to Financial News, El Isa is currently managing money for Jabre's flagship Multi-Strategy Fund. If she proves successful, a stand-alone fund could be in the offing.
JabCap didn't start—and hasn't stopped—with El Isa. Instead, she is among at least a half-dozen new hires at the firm.
Earlier this year, former Credit Suisse head derivatives and convertible salesman Tom Teague joined the firm, followed by former Citigroup technology market-maker Thomas Kutzman, the latter as an U.S. equities trader. Later this year, three others are poised to join: Peter Hale, former head of international convertibles trading at Mizuho International, will become a convertibles trader at the firm; Julien Dumas-Pilhou will join from Putnam Investments, where he was a credit analyst; and Karim Khalil will come over from the Middle East and North Africa stock research team at Merrill Lynch.
Certainly, JabCap needs all the help it can get: The multi-strategy fund is down about 15% and its Global Balanced Fund more than 18%, FN reports. The hedge fund has moved about half of its assets into cash, cut leverage and increased its hedges in the wake of those losses.
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…