JPMorgan Asset Management is aiming to take advantage of a once-in-decades opportunity in private equity.
Mary Callahan Erdoes, who heads the unit, said the firm is looking to expand its p.e. division, aiming in particular to take advantage of out-of-favor strategies.
“This is the best opportunity in private equity for 25 years,” she told Financial News. “We are interested in hiring teams for specific opportunities as well as on a broader level.”
“We believe we give our clients a tremendous advantage in being a very early mover, particularly in the complex alternatives space, where time is of the essence,” she added.
Erdoes also said that JPMorgan hopes to boost its emerging markets team.