Monday, 20 October 2014
Last updated 2 days ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...