JPMorgan Fleming Asset & Wealth Management's planned purchase of a controlling stake in Highbridge Capital will swiftly catapult the JPMorgan group from the position of also-ran to the industry's top 10 list of operators of single-manager hedge funds.
In total, JPMorgan Chase will run some $10 billion of hedge fund assets with the closure of the deal between Highbridge, which runs $7 billion of hedge fund assets, and...