JPMorgan Jumps To No. 2 U.S. Hedge Fund Manager For AUM

Sep 30 2006 | 9:05am ET

While other banks have struggled to expand their footholds in alternative investments, JPMorgan Chase has zoomed to near the top of the pile. Riding an 80% jump in assets under management from a year ago, JPMorgan is now the second-largest hedge fund manager in the U.S., behind only Goldman Sachs, according to Absolute Return magazine.

Last year, it ranked 12th; this year, it is one of only three banks (Barclays finished 10th) in the top ten.

Part of JPMorgan’s success is attributed to Highbridge Capital Management, which the bank acquired in 2004 and has seen its assets rise from $7 billion to $12 billion in that time. But the bulk of the growth has been in JPMorgan’s 38 hedge funds, which doubled in size over the last year to $12.6 billion.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR