Ex-JPMorgan Credit Trader’s Hedge Fund Starts With $200 Million
- Fajr Bouguettaya left JPMorgan in 2018 to set up BirchLane
- Most of BirchLane’s funding said to come from single investor
Photographer: Matthew Lloyd/Bloomberg
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BirchLane Capital, a hedge fund started by a former top credit trader at JPMorgan Chase & Co. who helped unwind bets made by the so-called London Whale, has started trading with more than $200 million of assets.
Fajr Bouguettaya, who left JPMorgan in 2018 to set up BirchLane in London, received the bulk of his funding from a single investor, according to a person with knowledge of the matter. He has recruited a team of about 10 for the firm, including some former JPMorgan credit-derivative traders, said the person, who asked not to be identified because the information is private. The hedge fund will invest in bonds and credit derivatives in global markets.