It’s been a bit of a tough slog for one Jon Stevens Corzine. A decade ago, he was governor of New Jersey. Seven years ago, he was the head of one of the world’s largest futures brokerage. Since then, he’s mostly been in and out of legal offices, courthouses and Congressional hearing rooms, and biding his time.
That time has now come: The man who took his governorship, Chris Christie, managed to leave office with an even lower approval rating than Corzine. Then, Christie was rather humiliatingly put in his place by Newark Airport security. And that’s not even the best part: After savvily waiting out the bizarrely calm 2017, Corzine—like Jeff Gundlach—is ready for people to realize that DONALD TRUMP IS PRESIDENT OF THE UNITED STATES and give him some market action to trade on. In his new hedge fund. Which will launch any day now.
The JDC-JSC Opportunity Fund, which bears the initials of Corzine’s late son Jeffrey and his own, will launch this quarter and aims to attract $100 million to $300 million in its first trading year, according to a person familiar with his thinking. Corzine and former Taconic Capital Advisors investment director Richard Chappelear will share the chief investment officer role….
The fund will begin with event-driven trades and expand into macro investing -- trading interest rates, currencies and stocks -- when market volatility returns.
That’s right, folks: We could live in a world in which both former Christie man Steve Cohen and Jon Corzine make their returns in the same month, and that the latter’s return would be more triumphant than the former’s. What a time to be alive.