Wed, Jan 23, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Former J.P. Morgan join Wilshire Phoenix

Thursday, November 08, 2018
Opalesque Industry Update - Wilshire Phoenix, a New York-based investment management firm, has hired Alexander Chang and William Cai as Partners.

"Alex Chang and Will Cai are proven leaders in the financial services industry who will each further strengthen the caliber of our team. Will is dedicated and gifted. He has a rare combined skillset of impressive technical expertise in esoteric financial products and strong client relationship management. Alex is brilliant and driven. He has an unwavering commitment to go above-and-beyond and provides powerful insights into structures and deals. Both Will and Alex are passionate about the digital asset space and will have an immediate impact at Wilshire Phoenix as the launch of our crypto-related fund rapidly approaches. I could not be more honored to call them my partners," said Bill Herrmann, Founder and CEO of Wilshire Phoenix.

Alexander Chang

Previously, Mr. Chang served at J.P. Morgan from 2009 to 2017, most recently as a Vice President where he structured linear and non-linear equity together with cross asset derivative transactions. During his time at J.P. Morgan, Mr. Chang also traded multiple sector pods on the high frequency electronic options market making desk. Mr. Chang is a graduate from the Columbia University School of Engineering and Applied Sciences with a Bachelor of Science in Applied Mathematics.

"Bill Herrmann and his pioneering team at Wilshire Phoenix are dedicated to becoming global industry leaders, and I am truly thrilled to join the firm to help accelerate the success of its clients and investors," said Alexander Chang.

William Cai

Mr. Cai previously served as an Executive Director and a trader at J.P. Morgan for over 10 years, managing multi-billion dollar risk books across asset classes in credit, equities, and most recently in commodity futures. In addition to his trading responsibilities, he managed teams, oversaw projects, and had extensive experience with regulatory and legal matters. Mr. Cai holds a Bachelor of Arts in Physics from Harvard University, and a Master of Science in Mathematics in Finance from New York University.

"It's clear that Bill and the entire team at Wilshire Phoenix are determined to build a modern investment firm to serve a rapidly evolving client base. I look forward to contributing to our shared success for many years to come," added William Cai.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Legal: Attorney sues after Tampa hedge fund goes under, Hedge funds showing increased interest in litigation claims, Argentina sued again by hedge fund on bonds tied to GDP growth[more]

    Attorney sues after Tampa hedge fund goes under A Tampa hedge fund company may be in legal trouble after the firm that was holding its money was sued by a lawyer who claimed "gross negligence" caused the fund to lose tens of millions of dollars. James Cordier, the head of optionseller

  2. Activists: MGM hands board seat to activist hedge fund Corvex's Meister, PG&E shareholder BlueMountain challenges bankruptcy plans, Gulfport pledges share buybacks after hedge fund demand, PPG Paints itself into a corner[more]

    MGM hands board seat to activist hedge fund Corvex's Meister From Reuters: MGM Resorts International has struck a deal with hedge fund Corvex Management's founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino

  3. Opinion: Can you beat Warren Buffett's investment returns using data?[more]

    From Seeking Aplha: The ideal hedge fund portfolio would use leverage to take a variety of uncorrelated risks that all cancel each other out, leaving the fund with little to no net exposure. For example, if you could invest in enough items with no correlation to the business cycle, like earthqua

  4. U.S.: Investors in debt-laden companies face messy workouts, Wall St backlash sinks plan to transform swaps market[more]

    Investors in debt-laden companies face messy workouts From FT: At the time, it appeared life-saving surgery for Toys R Us. In 2016, a trio of private equity firms that had paid almost $7bn for the toy retailer 11 years earlier offered owners of about $600m of unsecured bonds new debt that

  5. Europe: Hedge funds hunt for Brexit bargains, Fund managers failing to rein in 'out of control' fatcat pay at UK companies, MPs told[more]

    Hedge funds hunt for Brexit bargains From Bloomberg: That most bargain-hungry of corporate shoppers, Elliott Management Corp., might be about to put a chunky stake in a British retailer into its basket. Paul Singer's activist hedge fund is looking at plans to acquire a big holding in elec