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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (57216)	9/27/2006 5:42:21 PM
From: RealMuLan	Respond to of 116555

[I wonder how much of their newly-added asset is from Amaranth<g>]--"JPMorgan #2 on hedge fund hit parade By Aaron Siegel September 27, 2006 investmentnews.com JPMorgan Chase now lags only behind Goldman Sachs on the list of the largest hedge fund managers in the U.S., according to published reports. The New York-based investment bank currently has $28.8 billion in assets under management in its hedge fund vehicles, says a survey by Absolute Return magazine, which is produced by London-based HedgeFund Intelligence. That represents a whopping 80% increase from $16 billion last year, when JPMorgan stood at number 12 in the survey. JPMorgan has made a concerted effort to build its alternative investment capabilities in recent year, purchasing Highbridge Capital Management, which has about $12 billion in assets under management, up from $7 billion when it was acquired in 2004. The bank has also built a group of 38 hedge funds that are managed in-house currently have $16.6 billion in assets under management, twice what they had one year ago."