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One of the most senior employees leaves hedge fund Blue Mountain Capital Management

Breaching Humpback Whale

Jes Staley is not the only J.P. Morgan alum to depart from Blue Mountain Capital Management.

Now, Peter Greatrex, managing partner and head of private investments, has left the firm, according to filings on the Financial Conduct Authority and his online profile. He left in January after nearly 10 years at the hedge fund.

Greatrex joined Blue Mountain in 2007 from J.P. Morgan, where he was an executive director and portfolio manager for the bank’s credit portfolio. He has held various senior roles during his time at Blue Mountain including head of research and head portfolio manager on the firm’s fundamental credit portfolio.

Blue Mountain has made a habit of hiring from investment banks, especially J.P. Morgan. As well as Staley and Greatrex, founder Andrew Feldstein worked for J.P. Morgan for ten years before going it alone. Chief operating officer Michael Liberman worked for J.P. Morgan and Goldman Sachs, while Alan Gerstein, a portfolio manager, also came from Goldman Sachs.

Blue Mountain has been losing people in its London operation over the past year after a period of expansion. It currently has 24 people registered with the Financial Conduct Authority, down from 33 in April last year.

Its latest accounts – to December 2015 (released late last year) – suggest that Blue Mountain added three employees and had a headcount of 47 in London. On average, it paid £353.2k ($440k) per head.

Contact: pclarke@efinancialcareers.com

Photo: Getty Images

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