In 1996 Kessler and JPMorgan dropout Fred Kittler cooked up a hedge fund, called Velocity Capital, to invest in Silicon Valley companies, private and public.
Meanwhile, higher yielding and therefore riskier emerging market debt is trading lower as measured by the iShares JPMorgan USD Emerging Markets Debt (EMB) ETF, a fund holding sovereign debt priced in dollars.
He would probably need, at the very least, a sophisticated hedge fund cloaking device and word has it that only Goldman Sachs or JPMorgan has one in inventory there were rumors about such a black-box development at Morgan Stanley but that seems to have been someone talking their book.