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Iskil Notes Manipulation Afoot During London Whale

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Mark Melin
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Don’t use Bruno “Michel” Iksil’s middle name when referring to him and he doesn’t appreciate the nickname “London Whale.” And oh, by the way, there was market manipulation afoot that caused $6.2 billion “London Whale” derivatives trading losses at JPMorgan, he claims in a letter reported by major media earlier this week.

Jamie Dimon London Whale
London Whale

Iskil doesn’t like it when his middle name is used in public; objects to the nickname “London Whale”

Iskil started the letter, whose authenticity was confirmed by Bloomberg, with instruction to the media on, exactly, how his name is...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.