Arden strikes JP Morgan advisory deal
Mon Jul 6, 2009
Arden Asset Management, which was founded in
1993, has struck a deal to manage a $1.1 billion proprietary
hedge fund of funds portfolio for JP Morgan's investment
banking division. The arrangement took effect on 1 July. As
part of the agreement, JP Morgan's investment bank has agreed
to seed several new Arden funds and invest in one of Arden's
current flagship funds with these assets.
ISSN: 2151-1845 / CDC10004H
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