Jes Staley on Goldman, Volcker Rule, Highbridge, Financial Reg

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Jes Staley, head of JPMorgan's investment bank and possible successor to Jamie Dimon, at the Bloomberg Markets Global Hedge Fund and Investor Summit in New York yesterday.


Highbridge, York Capital Cutting Risk Dramatically

“The best course of action is to take risk off,” said Highbridge Capital’s Glenn Dubin at SkyBridge Capital’s hedge fund confab in Las Vegas. Dubin thinks there is a lot of risk in the market now, and Highbridge is reducing its balance sheet dramatically, moving to a defensive position.