Luke Ellis on the Hedge Fund Business (Podcast)
Masters in Business
00:00
Building a Cash Equity Business From Nothing
JPMorgan was not supposed to be doing anything in equities at the time. But they started an equity derivative business and it didn't really work. So when he got to that business, it was 20 people and it was losing a bit of money. When I left it, what was seven, eight years later, we were up to making a billion dollars a profit. We built a lot of interesting strategies, made some very good returns and grew it. And for me, it was a really exciting growing a business.
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