Staley, Ex-JPMorgan Exec., Looks To Banks At BlueMountain

Jun 5 2013 | 10:57am ET

Former JPMorgan Chase executive James Staley is eyeing his old industry in his new role as a hedge fund manager.

Staley, who was head of corporate and investment banking at JPMorgan, joined BlueMountain Capital Management in January. And as a member of the $12 billion hedge fund's investment committee, he's deploying his expertise on banking.

Staley told a Bloomberg Hedge Funds Summit yesterday that European bank debt offers an attractive opportunity as new regulations loom.

"As those rules get clarified, so you can force a recapitalization of the banking industry without going to the sovereign, there's going to be tremendous mispricing between the different levels of the capital structure in these banks," Staley said. The new regulations will give banks "a more clearly defined capital structure," he said.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note