New Permal/JP index raises $500m at launch

Thu Feb 3, 2011

Roberto Giuffrida

JP Morgan has teamed up with Permal Investment Management Services, $22 billion funds of funds specialist founded in 1973, to launch the Permal Alternative Index. So far the index has already client investment of more than $500 million. JP Morgan can offer exposure to the index through a range of product wrappers, including OTC derivatives, certificates and notes with leveraged, capital protected and delta one features possible.

The Permal Alternative Index adopts...

ISSN: 2151-1845 / CDC10004H

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