Tuesday, 30 September 2014
Last updated 1 hour ago
Jan 14 2011 | 10:51am ET
JPMorgan's hedge funds helped propel the bank to a huge profit last year, it said today.
The banking giant said it earned $17.4 billion last year, 48% more than in 2009. The firm's asset management division, including its hedge funds, chipped in a record $2.61 billion in revenue as assets under management increased 4% to $1.3 trillion.
"Solid performance in the quarter and for the year reflected good results across most of our businesses, which benefited from strong client relationships and continued investments for growth," CEO Jamie Dimon said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...