Sunday , April 5 2020

Banking

JPMorgan planning to raise up to $10bn for alternative investments

Bloomberg JPMorgan Chase & Co.’s alternative-investments division is seeking to raise as much as $10 billion in an effort to bolster its spending power as the Covid-19 pandemic roils global markets. “The magnitude of these dislocations is so significant,” Anton Pil, the global head of alternatives for JPMorgan’s asset-management arm, ...

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