{"id":10803,"date":"2009-06-12T00:00:00","date_gmt":"2009-06-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"jpmorgans-future-in-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/jpmorgans-future-in-hedge-funds.html","title":{"rendered":"JPMorgan&#8217;s future in hedge funds"},"content":{"rendered":"<p>FierceFinance &#8211; Not too long ago we were lamenting the trend by top investment banks to move into hedge funds and alternative investments in general. Buying hedge fund firms&nbsp;and launching them internally didn&#8217;t work out so well for Citigroup. It also&nbsp;wasn&#8217;t a home run for other firms, notably Bear Stearns.&nbsp;<\/p>\n<p>Has JPMorgan Chase found a way to buck the trend? It has announced it will buy the portion of Highbridge that it doesn&#8217;t already own, and has shut down its proprietary hedge fund and private equity businesses. As of now, it looks like the Highbridge gambit has paid off-and then some. It remains among the biggest of the hedge fund firms, and has tripled its assets under management since JPMorgan invested in December of 2004, reports <em>TheStreet.com<\/em>. My sense is that Highbridge is one of&nbsp;the mega fund firms that is really well positioned to steal market share. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.fiercefinance.com\/story\/jpmorgans-future-hedge-funds\/2009-06-11\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FierceFinance &#8211; Not too long ago we were lamenting the trend by top investment banks to move into hedge funds and alternative investments in general. Buying hedge fund firms&nbsp;and launching them internally didn&#8217;t work out so well for Citigroup. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4],"tags":[4642,1007,75,218,12967,11148,11708,12966,831,7346,452,11104,5952],"class_list":["post-10803","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-syndicated","tag-alternative-investments","tag-assets-under-management","tag-bear-stearns","tag-citigroup","tag-gambit","tag-hedge-fund","tag-hedge-funds","tag-highbridge","tag-investment-banks","tag-jpmorgan-chase","tag-market-share","tag-nbsp","tag-thestreet-com"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10803"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10803\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}