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JPMorgan flagship hedge fund stalls

CNBC – One of the world’s largest hedge fund firms inside one of the world’s largest banks is stalling, underscoring the challenges faced by other increasingly large money managers.

JPMorgan Chase’s asset management unit’s majority purchase of Highbridge Capital Management in 2004 long seemed like a win. The hedge fund firm assets grew from about $7 billion at the time of the sale to $37 billion in 2007.

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