JPMorgan’s recent announcement of a $2 billion trade loss sent the industry reeling, but hedge funds are prepared to extract gains from the incident nonetheless. Insiders revealed that managers are sticking with their bets from the first quarter as America’s largest credit bank scrambles to minimize its losses. One of the more common bets is…
Tag Archive: JPMorgan Asset Management
Mike Stewart of JP Morgan Launches Hedge Fund Despite Regulatory Changes
Despite previous intentions to remain inside the bank as the U.S. undergoes regulatory changes, a JPMorgan trader team is preparing to launch what will be one of the largest hedge fund startups this year. The fund, called Whard Stewart, will be launched in the second quarter by JPMorgan global head of propriety Mike Stewart. Though…
JPMorgan Expands to Europe and Asia
JPMorgan has continued to expand its presence in the global prime brokerage business by initiating full prime services for hedge fund in Europe. Lou Lebedin, co-head of JPMorgan’s prime brokerage business, explained that the firm intends to bring in ten to fifteen new clients in 2011. “We are bringing clients on in a disciplined pace,”…
Hedge Fund Industry Continues to Grow
Bridgewater Associates Inc. brought in $8.7 billion for investors during the third and fourth quarters of last year. According to LCH Investments, this is the largest profit recorded by the top ten hedge funds in the world during that time. Based in Westport, Connecticut, Bridgewater has made $22 billion for its clients since it was…
Hedge Funds Recovering Quickly From Financial Crisis
Hedge funds have recovered from the financial crisis with soaring colors, producing profits of around $129 billion to clients in less than six months. This is one of the few industries that has been able to recuperate so quickly. LCH Investments has calculated that the top ten hedge funds alone brought in more than $28…