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JPMorgan Offers Hedge Funds a Way to Dodge Meme-Stock Shocks

  • Around 30 institutional clients are testing the screening tool
  • Retail investors have increasing sway in stock markets
Photographer: Tiffany Hagler-Geard/Bloomberg
Updated on

JPMorgan Chase & Co. is testing a new research product to guard big-ticket clients from losses linked to the meme stock phenomenon that has captivated Wall Street this year.

Around 30 asset managers and quant fund managers have been trying out the “Through the Retail Lens” data offering since September, the bank said. It’s a response to the surprise that hammered investment professionals in January when day traders rushed in to buy stocks, sending the share price of firms including GameStop Corp. and AMC Entertainment Holdings Inc. soaring.