{"id":36947,"date":"2013-07-24T12:38:59","date_gmt":"2013-07-24T16:38:59","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36947"},"modified":"2013-07-24T13:08:13","modified_gmt":"2013-07-24T17:08:13","slug":"jp-morgan-liquidating-pension-hedge-fund-investments","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/jp-morgan-liquidating-pension-hedge-fund-investments.html","title":{"rendered":"JP Morgan Liquidating Pension Hedge Fund Investments"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/jp-morgan-Sirius-XM-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-21326 alignright\" alt=\"JPMorgan\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/jp-morgan-Sirius-XM-1-300x250.jpg\" width=\"240\" height=\"200\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/jp-morgan-Sirius-XM-1-300x250.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/jp-morgan-Sirius-XM-1.jpg 570w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a>New York (HedgeCo.Net) &#8211; J.P. Morgan has decided to liquidate all of the hedge fund investments held by its overfunded $13 billion pension fund, industry website Hedge Fund Alert reported today.<\/p>\n<p>J.P. Morgan Retirement plans to withdraw approximately $2.3 billion that it has invested in funds.\u00a0&#8220;J.P. Morgan units including Highbridge Capital manage $26.5 billion of regulatory assets, including leverage,&#8221; Hedge Fund Alert\u2019s Manager Database shows.<\/p>\n<p>&#8220;Morgan wants to &#8216;immunize&#8217; its pension plan by pulling back from hedge funds and traditional equity investments.&#8221; The website reported, &#8220;If you can use fixed income to offset your liability stream, then there is no need for directional strategies like equities, or [to be] levered like hedge funds.&#8221;<\/p>\n<p>Citigroup did the same thing a few years back, scaling back a hedge fund portfolio that amounted to 10% of its overall pension assets. At the time, Citi\u2019s retirement plan also was overfunded.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; J.P. Morgan has decided to liquidate all of the hedge fund investments held by its overfunded $13 billion pension fund, industry website Hedge Fund Alert reported today. J.P. Morgan Retirement plans to withdraw approximately $2.3 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-36947","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36947","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36947"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36947\/revisions"}],"predecessor-version":[{"id":36950,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36947\/revisions\/36950"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}