Saturday, 30 August 2014
Last updated 16 hours ago
May 13 2013 | 3:06pm ET
A former JPMorgan Chase credit-trading executive has set up a hedge fund.
Tolga Uzuner has founded Brocade Capital Management, with plans to offer its maiden fund within the next year, Financial News reports. Brocade aims to raise at least $200 million at inception, and is considering a seed investment.
Uzuner, who serves as chief investment officer, is joined at Brocade by Stuart Firth, the former head of European distressed trading at Credit Suisse. Firth will serve as CEO. Uzuner worked with Firth at Credit Suisse before joining JPMorgan, where he rose to serve as international head of equity and corporate credit before leaving the bank last month. Brocade will employ a team of roughly 10.
Uzuner was a member of JPMorgan's chief investment office, home to the infamous "London whale" trader who cost the bank $6.2 billion. Uzuner was not involved in those trades, which were made by Bruno Iksil, according to FN.
Brocade will invest in corporate credits outside of the U.S., with a focus on top-rated securities from emerging markets.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...