JPMorgan vice president/head of VIX trading Jeremy Wien is leaving the bank to join hedge fund giant Och-Ziff, according to a memo obtained by Business Insider. At his new job at Och-Ziff, Wien writes that he will be trading the fund's equity index derivatives book.
It is extremely difficult to sit out a party. Do so and you lose both clients and assets. Invest in unloved and undervalued assets and you do even worse. But what is the alternative? Get drunk like everyone else? I have to admit (time and time again actually), that this market has gone further, faster, than I thought possible. Bubbles of the current magnitude have never been blown back-to-back in such a short timeframe.
Employees at The Orange County Register received an unsettling email from corporate headquarters this year. The owner of the newspaper, Freedom Communications, was writing to request workers’ consent to take out life insurance policies on them.
But the beneficiary of each policy would not be the survivors or estate of the insured employee, but the Freedom Communications pension plan. Reporters and editors resisted, uncomfortable with the notion that the company might profit from their deaths.
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