JP Morgan to offer new fund of hedge funds
JP Morgan's new fund of hedge funds, the Highbridge Statistical Market Neutral fund, is being touted as the latest sign that hedge funds are going mainstream. It will be managed by Highbridge Capital Management, the hedge fund firm JP Morgan acquired last year. The target market will be investors who could not otherwise afford a hedge fund. These funds have not been huge winners in the mutual fund market. It will require a sales job, which I am sure JP Morgan is up to.
> Here's a New York Times article.
Comments