The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:JP Morgan Readies Hedgelike Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 22, 2005

JP Morgan Readies Hedgelike Fund

by: Sean Hanna, Editor in Chief

J.P. Morgan Chase is readying a mutual fund that will invest like hedge fund, reports the New York Times. Hedge funds in mutual fund drag are an increasingly popular product among advisors seeking to attract new investors and leverage their existing capabilities.

In J.P. Morgan Chase's case, the new fund will be managed by Highbridge Capital Management, an affiliate that the bank purchased in 2004 and that already manages $9 billion of assets.

The Highbridge Statistical Market Neutral fund will follow the investment strategy reflected in its name. The bank will broadly market the fund, which will carry a minimum initial investment of just $10,000. The fund also will carry a 195 basis point expense ratio.

"We are offering individual investors the jewel in our crown," Glenn R. Dubin, the co-founder of Highbridge, told the NY Times.

Highbridge specializes in building quantitative models to decide which stocks to buy and sell. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use