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Hedge fund in “Whale” trade tried to poach JPM employees: sources

Reuters – BlueMountain Capital, a hedge fund involved in JPMorgan Chase & Co.’s $6.2 billion trading loss last year, tried to recruit several employees in the bank’s chief investment office in the months before the losses, according to two people familiar with the matter.

The New York-based hedge fund had targeted people in the trading and risk management divisions of JPMorgan’s chief investment office, the same part of the bank where Bruno Iksil, the trader who became known as the ‘London Whale’ for his outsized positions in a small derivatives market, was working.

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