Bart Broadman, who until this spring was vice chairman, Asia-Pacific, at JPMorgan, has teamed with Philippe Khuong-Huu, former head of Goldman Sachs' global interest rate products group, to form AlphaDyne Asset Management. The firm will launch its flagship fund, a global credit and interest rate arbitrage play, on Feb. 1, according to DW sister publication Alternative Investment News. Call to AlphaDyne were not returned.
Broadman was JPMorgan's number two man in Asia and Khuong-Huu is well-known in the derivatives industry. Khuong-Huu also made last year's top Trader Monthly 100, a list of the top 100 traders by annual income, with a $5-10 million salary, according to Trader Monthly Magazine. Prior to Goldman, he also did stints at JPMorgan and Société Générale.
Joining the pair are four partners from their former firms: Chris Leonard, who was the head of JPMorgan's interest rate swaps and options trading business in New York, Christian Daher, ex-head of JPMorgan's global interest rate, foreign exchange and commodities quantitative research, June Hee Cho, former v.p. at Goldman's pension services group and Michael Polo, former head of JPMorgan's North American fixed income and emerging markets middle office.
Alphadyne has two prime brokers: Goldman for credit trades and Bank of America for interest rates.
