JPMorgan fund makes a killing

When shares of mining companies including Freeport-McMoRan to Glencore were collapsing last year, a small fund run by JPMorgan chose to hold on. Now, it’s reaping the rewards of a metals rebound that’s turning bears into bulls.

BNP Paribas plans to expand M&A team in London

BNP Paribas plans to add two senior people to its 15-strong London team covering British M&A and take on an equity capital markets banker too, part of a plan to boost its investment banking market share outside France, banking executives told Reuters.


Ba Baracus A Team

T-Man makes Citigroup billions

The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch CEO Stan O’Neal had just resigned under pressure, and Citigroup CEO Chuck Prince was rumored to be on his way out.

Deutsche Bank - Foyer Bridge

People News: Deutsche Bank, UBS

Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.

Rajaratnam legacy still haunts hedge funds

The ghost of Raj Rajaratnam still haunts hedge funds. Some make employees sign pledges that they’ve not acted on illicit tips, others snoop on their traders with keystroke-reading software. At the compliance meetings everybody has these days, prison isn’t an off-the-wall topic.

For Hire

FBR & Co appoints new MD

FBR & Co has announced that Tina Pappas has joined the Company’s Investment Banking Team as Managing Director. She is based in the Company’s New York office and focused on developing the firm’s Special Purpose Acquisition Company (“SPAC”) practice.

People News: Bank of America

Bank of America’s head of fixed-income electronic sales, Robert Grillo, has left the company amid a round of job cuts across the investment bank, according to people with knowledge of the matter.