Tuesday, 23 September 2014
Last updated 11 hours ago
May 2 2014 | 12:19pm ET
A top JPMorgan Chase volatility trader has left the bank to join hedge fund Och-Ziff Capital Management.
Jeremy Wien will focus on equity-index derivatives at New York-based Och-Ziff, Bloomberg News reports. Wien announced his departure in an e-mail to clients and colleagues yesterday.
Wien was head of Chicago Board Options Exchange Volatility Index trading at JPMorgan, which he joined two years ago from hedge fund Peak6 Capital Management. He also formerly worked at Alphabet Management and Goldman Sachs.
Wien joked that he appreciates “greatly all of your advice and encouragement regarding the best way to lose a few pounds as well as to improve my fashion sense.” The 29-year-old said that “while I haven’t necessarily heeded any of that advice to date, I assure you that I will at some point.”
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.