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BlueGold FX Trader Floats New HF

BlueGold Capital Management’s currency trader, Stephen Jen, has quit from his current role to roll out his own investment and advisory firm.

    BlueGold Capital Management’s currency trader,Stephen Jen, has quit from his current role to roll out his own investment and advisory firm,Financial Timesreports.SLJ Macro Partnerswillrun a hedge fund and will also provide currency overlay services to institutional investors, pending approval from theFinancial Services Authority.

    The London-based hedge fund will focus on trading currencies, but with other bets in commodities, equities and fixed income to reduce portfolio volatility. Before joining BlueGold, Jen was head of global currency research atMorganStanley.

    Click here for the story fromFinancial Times.

    Click here for additional coverage fromThe Wall Street Journal.

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