Launches & Closures Mergers & Acquisitions / Joint Ventures

New Permal/JP index raises $500m at launch


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 a dynamic allocation determined by Permal and applied to the JP Morgan Alternative Index Series, a suite of alternative strategies designed