JPMorgan Chase Partners with iCapital Network to Broaden Asset Management Business

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.