Thursday, 18 September 2014
Last updated 12 hours 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.