JPMorgan Chase has partnered with iCapital Network to allow for alternative investments once reserved for institutions and the ultra rich; the new buy-in will be $100,000 which is down from $10mn; Anton Pil, managing partner of JPMorgan global alternatives, said in a statement reported by American Banker, “As we get later in the economic cycle, identifying alternative sources of return is an essential consideration for investors looking to build stronger portfolios.”; the move continues a wider trend of innovation among traditional firms. Source.
