Thu, Apr 25, 2024
A A A
Welcome Guest
Free Trial RSS pod
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   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1