Highbridge deal catapults JPMorgan into big time

Fri Oct 1, 2004

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...

ISSN: 2151-1845 / CDC10004H

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