Friday, 19 September 2014
Last updated 15 hours ago
May 3 2010 | 10:17am ET
JPMorgan Chase has struck a deal for Schroders’ private equity administration business.
Terms of the deal were not disclosed, but it will add $6.2 billion in assets under administration to J.P. Morgan Worldwide Securities Services, which already oversees $225 billion. It also gives JPMorgan’s p.e. administration unit a base in Bermuda and Guernsey, where Schroders’ effort is based.
“This acquisition emphasizes our commitment to continuing to build out our industry-leading private equity administration offering," said Conrad Kozak, CEO of Worldwide Securities. "It allows us to expand the global footprint of our private equity administration business, while at the same time allowing us to further deepen our relationship with Schroders.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.