{"id":29878,"date":"2012-07-03T03:32:09","date_gmt":"2012-07-03T07:32:09","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29878"},"modified":"2012-07-03T03:32:09","modified_gmt":"2012-07-03T07:32:09","slug":"ex-jpmorgan-trader-feldstein-biggest-winner-betting-against-bank","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2012\/ex-jpmorgan-trader-feldstein-biggest-winner-betting-against-bank.html","title":{"rendered":"Ex-JPMorgan Trader Feldstein Biggest Winner Betting Against Bank"},"content":{"rendered":"<p>Bloomberg &#8211; Andrew Feldstein, who bet against JPMorgan Chase &amp; 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.<\/p>\n<p>The $4.3 billion flagship fund of Feldstein\u2019s BlueMountain Capital Management LLC returned 9.5 percent this year through June 22, according to a person familiar with the data. That\u2019s up from the 5.4 percent return before JPMorgan announced a $2 billion loss by one of its traders known as the London Whale. BlueMountain, which was on the other side of those wagers, stands to make as much as $300 million, said market participants familiar with the trades.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-07-02\/ex-jpmorgan-trader-feldstein-biggest-winner-betting-against-bank.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Andrew Feldstein, who bet against JPMorgan Chase &amp; 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29878","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29878"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29878\/revisions"}],"predecessor-version":[{"id":29879,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29878\/revisions\/29879"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}