Friday, 24 October 2014
Last updated 7 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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.