'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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of