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The beta-blocker

Doug Dachille, chief operating officer at Zurich Capital Markets and formerly global head of proprietary trading at JP Morgan, believes the economic downturn has finally crystallised investor attention on beta. Christopher Jeffery reports

Eyebrows were raised when Doug Dachille – a finance prodigy with a fearsome trading reputation on Wall Street – became chief operating officer of Zurich Capital Markets (ZCM) in April. Why, many asked, would JP Morgan Chase’s ex-global head of proprietary trading, who quit the firm once he realised Chase’s credit risk business model was prevailing over that of legacy JP Morgan’s, join an

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