Tuesday, 7 July 2015
Last updated 1 hour ago
Apr 7 2010 | 10:14am ET
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.
May 27 2015 | 2:15pm ET
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