JPMorgan Chase & Co acquired Highbridge Capital Management, structured as Acquisition of a majority interest.
Highbridge Capital Management operates in Asset & Wealth Management, is based in United States. Highbridge Capital Management is a New York-based alternative asset manager known for its hedge fund strategies. JPMorgan Chase acquired a majority interest in the firm in the fourth quarter of 2004, adding scale to its asset management franchise. The deal broadened JPMorgan's offerings in alternative investments for institutional and high-net-worth clients.
Expand JPMorgan's alternative asset management capabilities, particularly in hedge fund strategies.
Advisory firms were not disclosed for this transaction.