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Former JP Morgan Exec Launching Credit Hedge Fund

May 16, 2013
Jing Chen

The former international head of equity and corporate credit at JP Morgan’s chief investment office is preparing to launch his own hedge fund firm.
Financial News reported that Tolga Uzunera will launch a non-U.S. corporate credit hedge fund within the next year through Brocade Capital Management.
The fund is expecting to launch with at least $200 million in capital and will focus on the top end of the rating scale in emerging markets.
JP Morgan's chief investment office made headlines last year when it incurred big losses from "ill-placed, complex trades" on credit default swaps tied to corporate bonds, the size of which led to the main trader, Bruno Iksil, being dubbed the “London Whale."

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