Daley Joins Hedge Fund Argentière

Apr 24 2014 | 10:23am ET

A former White House chief of staff has joined a hedge fund founded last year by a top JPMorgan proprietary trader.

William Daley, himself a former JPMorgan executive, will serve as head of U.S. operations at Argentière Capital. The Swiss firm debuted last year with US$300 million and is led by Deepak Gulati, who led JPMorgan’s proprietary equities trading.

Daley told the Chicago Tribune that he “hit it off” with Gulati, and that Argentière is the kind of startup that he hoped to work with after dropping his plans to run for governor of Illinois last year.

“Everything I’ve done has been at big firms, big law firms, government,” Daley said. “This is my first startup. I wanted the chance to be a part of something that will grow.”

Daley served as U.S. Secretary of Commerce under President Bill Clinton. He was President Barack Obama’s chief of staff for just over a year in 2011 and 2012.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.