Former JPMorgan Investment Banking chief Jes Staley parachutes into BlueMountain Capital, whose...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Former JPMorgan Investment Banking chief Jes Staley parachutes into BlueMountain Capital, whose co-founder is a former JPM executive. BlueMountain gained more than 10% in 2012, partly on the profits it made taking the other side of JPMorgan's "London Whale" trades. Staley lost his job at the bank because of those trades. Can't make this stuff up.