'Whale' Veteran Joins Former Boss' Hedge Fund

Feb 15 2013 | 2:22am ET

UBS' former credit-trading chief has hired a JPMorgan Chase banker who helped deal with the latter's massive losses on credit derivatives last year.

Henry Kim will join Eric Rosen's Reef Road Capital. Kim worked under Rosen when the latter headed JPMorgan's credit-trading team.

Reef Road was set up by Rosen last year and will launch its maiden fund in the second quarter, The Wall Street Journal reports. The firm already employs eight people.

Kim spent much of his last year at JPMorgan dealing with the fallout from the trades of Bruno Iksil, known as the "London whale." Iksil's derivatives trades wound up costing JPMorgan more than $6 billion.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note