Hedge Fund News From HedgeCo.Net


JPMorgan Sets Group to Help Hedge Funds Secure Assets

Bloomberg – JPMorgan Chase & Co., the second- biggest U.S. bank, created a group to help fund managers broaden their trading and assure investors that assets won’t be tied up by a brokerage failure like the one that felled Lehman Brothers Holdings Inc.

The team also will help mutual funds get access to hedge fund services such as financing, Michael Minikes, chief executive officer of JPMorgan Clearing Corp., the bank’s U.S. broker-dealer, said in an interview yesterday. The group will draw on resources of the New York-based bank’s prime brokerage and securities services units, he said.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>