Meredith Whitney deregisters brokerage

Meredith Whitney Still

Meredith Whitney, who built her own Wall Street advisory firm after winning renown for a 2007 call on Citigroup, deregistered her brokerage unit after three unprofitable years and is setting up an investment fund, according to industry records.

Bloomberg reports that Meredith Whitney Securities ended its registration with the Financial Industry Regulatory Authority on 28th August, Finra’s website shows.

In addition to her advisory firm, she’s now chief investment officer and managing principal of a long/short fund, according to regulatory records that list Kenbelle Capital among her ventures.

Whitney, 43, registered Kenbelle with New York state’s corporations division in April. It’s an investment manager to a partnership based in Bermuda, according to a legal notice in a newspaper there.

A push into funds would add another twist to her career. She left Oppenheimer & Co. to start Meredith Whitney Advisory Group in 2009, buying the brokerage that year with plans to expand into trading. She predicted a U.S. municipal-bond apocalypse in 2010 that hasn’t materialized, also saying she would hire hundreds for a bond-ratings service.

To access the complete Bloomberg article hit the link below

Meredith Whitney Winds Down Brokerage Unit After Setting Up Fund

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