JPMorgan Draws Up Contingency Plans to Sell Highbridge Capital

FOX Business reports, that JPMorgan (JPM) has drawn up contingency plans to sell its massive hedge fund, Highbridge Capital, which it purchased in December 2004 for about $1 billion. The fund manages approximately $21 billion of capital for some of the world’s most prominent institutional investors.

JP Morgan also owns one of the largest private equity arms in the financial system that manages $15 billion in assets. According to Fox, the co. has contingency plans to sell that as well.

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