New York (HedgeCo.Net) – J.P. Morgan Alternative Asset Management (JPMAAM) has been named “Firm of the Year” among Large Fund of Hedge Funds managers at the 12th Annual Hedge Fund Industry Awards. Institutional Investor presented the award at a ceremony attended by more than 450 investors and hedge fund leaders at the Mandarin Oriental in New York.
With $11.4 billion under management (as of May 31, 2014), JPMAAM’s Hedge Fund Solutions platform is comprised of commingled funds of funds as well as a substantial number of customized and advisory accounts.
“We are honored by this prestigious award, which is a validation of our commitment to delivering hedge fund solutions to clients,” said Paul Zummo, CIO/CEO of the group. “This award also reflects our focus on unique investment strategies and our continual search for managers who can add alpha. Together, these factors have helped us drive outperformance for the benefit of clients.”
Overall consideration for the award was given to “performance, innovation, due diligence, risk management, firm culture and the proven ability of the firm to provide overall value in constructing hedge fund portfolios for clients,” according to Institutional Investor. Other finalists in the category included Goldman Sachs Hedge Fund Strategies, Morgan Stanley Alternative Investment Partners, Pacific Alternative Asset Management Company and Permal Group.
Clients of JPMAAM’s Hedge Fund Solutions group include many of the world’s largest and most sophisticated investors, including pension funds, sovereign wealth funds, university endowments, insurance companies and charitable foundations.
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