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March 30, 2015 12:57 PM ET

Capital Markets

Company Overview of J.P. Morgan Asset Management, Inc.

Company Overview

J.P. Morgan Asset Management Inc. is a privately owned investment manager. The firm provides its services to corporate, endowments and foundations, financial intermediaries, individuals, insurance and mutual fund companies, and Taft-Hartley plans. It manages separate client-focused equity, fixed income, real estate, and alternative portfolios. The firm also manages equity, fixed income, and money market mutual funds for its clients. The firm invests in the public equity, currency, fixed income, real estate, and alternative markets across the globe. It makes its equity investments in growth and value stocks of large-cap companies; value stocks of small-cap companies; U.S. real estate securiti...

245 Park Avenue

New York, NY 10167

United States

Founded in 1935

Phone:

212-648-1999

Fax:

212-648-1790

Key Executives for J.P. Morgan Asset Management, Inc.

Chief Executive Officer
Age: 46
Managing Director
Managing Director and Chief Financial Officer
Managing Director & Head of Institutional Americas
Managing Director and General Counsel
Compensation as of Fiscal Year 2014.

J.P. Morgan Asset Management, Inc. Key Developments

JP Morgan May Acquire Canaan Partners' India Portfolio

J.P. Morgan Asset Management, Inc. has emerged the frontrunner to buy Canaan Partners' domestic portfolio for more than $200 million. At least three other investment firms including Madison India Capital have also submitted bids to buy Canaan's India portfolio, three people with direct knowledge of the developments told, adding that the JP Morgan unit was most likely to clinch the deal. "The bid that they put in was a few percentage points on the net asset value of the portfolio and that's how they got the deal," said a person whose firm had shown interest in the portfolio, declining to be identified. Avneet Kochar, regional adviser for private equity at JP Morgan Asset Management and who is leading the deal discussions for the fund house, has met the founders of Canaan's portfolio companies, said the Chief Executive of one of these firms, speaking on condition of anonymity. "The deal is in advanced stages of discussion. It is being done by one of their (Canaan's) US-based limited partners," one of the three people privy to the developments said. The deal, in the works for nearly a year, will see the buyer take over Canaan's stakes in multiple portfolio companies. "Details with respect to whether the sale will involve all 13 companies are still being worked out," said a second person with direct knowledge of developments. Alok Mittal, Managing Director at Canaan Partners India, could not be reached for comments. Executives at the firm's Menlo Park, California office did not respond to email queries from Economic Times(ET). JP Morgan's Kochar did not reply to emails sent by ET. "It is against our policy to comment on any specific transaction and whether we are aware of it or not," Surya Chadha, senior managing director at Madison, said in an email response. Email queries sent to Canaan's portfolio companies, including Bangalore based Happiest Minds and Gurgaon based iYogi, did not elicit responses till the time of going to print. "We have not received any official intimation yet of a change in shareholding," said Vasudevan PN, Managing Director of Equitas Holdings.

J.P. Morgan Asset Management Reportedly Mulls Sale Of India Business

J.P. Morgan Asset Management, Inc. is mulling the sale of its mutual fund business in India. According to sources, J.P. Morgan has conveyed to select top executives that the mutual fund business is being put on the block, said sources close to the development. When contacted by Business Standard, Nandkumar Surti, Managing Director and Chief Executive Officer of JP Morgan MF declined to comment on rumors.

J.P. Morgan Asset Management, Inc. Presents at 6th Annual Marine Money London Ship Finance Forum, Jan-28-2015 04:45 PM

J.P. Morgan Asset Management, Inc. Presents at 6th Annual Marine Money London Ship Finance Forum, Jan-28-2015 04:45 PM. Venue: The Dorchester, Park Lane, London, United Kingdom. Speakers: Andy Dacy, Managing Director and CEO-Global Maritime.

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