BlueMountain Hires Top JPMorgan Executive

Jan 8 2013 | 1:39pm ET

Having harpooned JPMorgan Chase's "London whale" last year, BlueMountain Capital Management has opened this one by netting one of the bank's top executives.

James Staley was named a managing partner at BlueMountain, which has $12 billion in assets under management. Staley, who most recently was head of corporate and investment banking at JPMorgan, will take an ownership stake in the hedge fund.


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