Alphaville<>[JPM Whale-Watching Tour] Tracking trades down
Posted by Lisa Pollack on May 18 19:14.
The last twenty-four hours have brought us some incredibly interesting insights into the JPMorgan chief investment office’s $2bn loss story. In some impressive feats of investigative journalism, the FT revealed that the CIO has been a huge player in certain structured asset markets. Some surmise that the trading activity from the unit has been so big that if it ceased participation in those markets, it could damage what liquidity there is in them.
There was also a story, this one written by the WSJ, about how CEO Jamie Dimon reacted when the stories about the “London Whale” first surfaced (pun intended). The article described how the positions were then investigated (internally) and the decision taken to delay a regulatory filing until the exact positions were better understood.
For FT Alphaville’s part, we’ve been keeping up the data monkey end of things, which is what we would like to continue to do now.
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