'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.

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    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…