Ex-JPM Banker Wins by Betting Against Former Employers Whale Bets
July 03, 2012 at 10:35 AM EDT
Andrew Feldstein, who bet against JPMorgan Chase & Co. (JPM) before helping the bank unwind more than $20 billion of trades, has emerged as one of the biggest winners among hedge-fund managers profiting from a flawed strategy. The $4.3 billion flagship fund of Feldstein’s BlueMountain Capital Management LLC returned 9.5 percent this year through June [...]