Hedge Funds

Goldman alum begins new volatility strategy

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JD Capital Management, the $949 million volatility arbitrage firm founded by David Rogers, a former Goldman Sachs partner and head of equity derivatives, began trading a new volatility strategy on June 1.

Rogers, who was with Goldman for 19 years before branching out on his own in August 2001, held a variety of senior positions in his alma mater's equity and global derivatives trading groups. In 1998, he was appointed to a six-member team of hedge fund managers that provided advice to Wall Street's 14 banks involved in the $3.6 billion bailout of Long-Term Capital Management.

In 1989, Rogers