QIA and JPMorgan Asset Management launch $20B partnership

Reuters · 4 hours ago
  • Qatar's sovereign wealth fund QIA and JPMorgan Asset Management plan a $20 billion strategic partnership across public and private markets.
  • JPMorgan will manage $15 billion in customised global equity portfolios for QIA under the preliminary agreement.
  • A $5 billion private markets initiative is part of the partnership.

Quotes

Qatar's sovereign wealth fund QIA and JP Morgan Asset Management (JPM.N), opens new tab plan ​to launch a $20 billion strategic partnership across ‌public and private markets in both equities and credit, the two companies said in a statement on ​Monday.QIA and JP Morgan Asset Management
Under the preliminary agreement, JP Morgan will ​manage customised global equity portfolios for QIA ⁠worth $15 billion.QIA and JP Morgan Asset Management

Sources