Wednesday, 26 November 2014
Last updated 5 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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