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James "Jes" Staley, managing partner at BlueMountain Capital Management LLC, speaks during the Bloomberg Hedge Funds Summit in New York, U.S., on Tuesday, June 4, 2013. The Bloomberg Hedge Funds Summit convenes managers and investors to examine a range of alternative investments, as hedge funds, real estate, credit and private equity make the jump into the mainstream, attracting new classes of investors looking for returns unavailable in traditional markets. Photographer: Peter Foley/Bloomberg via Getty Images

James "Jes" Staley, managing partner at BlueMountain Capital Management LLC, speaks during the Bloomberg Hedge Funds Summit in New York, U.S., on Tuesday, June 4, 2013. The Bloomberg Hedge Funds Summit convenes managers and investors to examine a range of alternative investments, as hedge funds, real estate, credit and private equity make the jump into the mainstream, attracting new classes of investors looking for returns unavailable in traditional markets. Photographer: Peter Foley/Bloomberg via Getty Images