One of the senior leaders of JP Morgan’s Chief Investment Office is departing the firm to start her own hedge fund.
Irene Tse, a former Goldman Sachs partner, is leaving her post as the leader of a unit charged with guiding the company through the changes and dismissal stemming from the London Whale trades that cost JPM $5.8 billion.
Bloomberg reports Tse was in charge of balancing the bank’s balance sheet while it boosted risk. She is leaving less than two years after she was hired as chief investment officer for North America.
While the hedge fund lacked specifics, sources close to Tse said it will invest based on trends in the global economy.
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