Two Funds That Profited Big Time From The JPMorgan Blunder

One contributing factor to JP Morgan's $2 billion trading loss was the fact that their positions were essentially revealed by the media when stories about the "London Whale" with his huge CDS position were published. Since then, traders have had the opportunity to take the opposite side of JP Morgan's large and risky trade to possibly make a profit, Businessinsider writes.

Now, the Wall Street Journal's Gregory Zuckerman is reporting that two hedge funds which made money off that trade are BlueMountain Capital and BlueCrest Capital. Both funds made up to $30 million off JP Morgan's blunder, according to the WSJ…..

Read more: http://www.businessinsider.com/wsj-names-some-of-the-hedge-funds-that-profited-from-the-the-jpmorgan-blunder-2012-5#ixzz1uZgCcnsP