Prime Services
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PrintJ.P. Morgan's Prime Brokerage business offers a variety of solutions to meet clients' needs:
Capital Introduction
Through our capital introduction offering we have developed relationships with an extensive network of qualified institutional hedge fund investors across the globe. Our dedicated teams in New York, London, Hong Kong and Tokyo work with a broad spectrum of investors, including pensions, endowments, foundations, family offices and funds of funds. Organized by region and investor segments, we develop and maintain deep reservoirs of contacts and tailored expertise.
We work with a broad range of managers representing a full spectrum of hedge fund strategies, including fundamental long-short equities, distressed and high yield, merger and convertible arbitrage, fixed income arbitrage and global macro. The diversity of our client base has enabled us to remain highly effective in providing services to a wide variety of hedge funds.
Portfolio Risk Margining
J.P Morgan offers risk management expertise to tailor various margining methodologies to best suit clients' investment strategies and risk intolerance. As prime broker, J.P. Morgan can view a client's entire prime brokerage portfolio and optimize utilization of margin by recognizing off-setting positions to help manage risk. The capital efficiency gained allows clients to further enhance their investment returns.
For liquid, continuous markets, clients can consolidate their risk across interest rate derivatives, foreign exchange, G-7 government repos and selected futures markets into a single, VaR-based upfront margin call for which the risk can be dynamically offset across the whole portfolio.A client margin calculation is run daily and takes into account both market movements and changes in a client's portfolio which ensures that the margin notice reflects the portfolio specific market risk.
Cash Management
Institutional investors face many challenges as they seek to optimize returns while maintaining appropriate levels of liquidity and exposure to risk. J.P. Morgan's Cash and Liquidity Management supports over $60bn of cash investments (as of September 30, 2008) through a comprehensive money market fund platform. Investment options include a wide range of money market fund offerings that provide our clients with the most comprehensive liquidity solutions. Staffed by a dedicated team of seasoned professionals, clients receive first-rate service and support and access to a team with depth and breadth of experience and long-standing relationships with senior money market fund managers across the globe.
Business Consulting
J.P. Morgan provides comprehensive business and technology consulting services for hedge funds of varying size and strategy. Recognizing the challenges associated with building an institutional funds management business, we constantly research new technologies and hedge fund services to provide effective solutions for our clients. Our team of professionals, located in New York, London and Hong Kong provides extensive industry experience and access to leading hedge fund industry providers.
Client Service
J.P. Morgan's onboarding and client service model sets us apart from our competitors. With 24-hour global teams in place, clients benefit from the support and insight of experienced teams who provide innovative solutions based on an in-depth understanding of clients' objectives, operations, technology, data and accounting management.
An experienced onboarder leads clients through the integration phase and directs a team of documentation, technology and operational professionals to ensure a seamless and timely transition to J.P. Morgan's prime brokerage platform.
And with a single point of contact and the full back-up of a dedicated team, we strive to deliver the highest level of service moving forward.
Technology and Reporting
J.P. Morgan provides robust, leading edge technology to meet the ever changing needs of our clients. Through continued investment in our technology, we provide clients with customized data delivery and reporting as well as end-to-end workflow solutions to deliver straight-through processing.
Through partnership and integration with key technology providers we can ensure that our workflow solutions are plug-and-play with most executing brokers and fund administrators.
Our clients benefit from a comprehensive web-based source for portfolio reporting and administration. We recognize that there are many aspects of portfolio management that require advanced tools, and we enable clients to report and reconcile trades, initiate wire transfers, execute corporate actions, give instruction to exercise options and perform a variety of portfolio administration activities online.
In addition to our web-based platform, we provide broad flexibility, customized reports and data files to enable the timely and efficient delivery of information to clients and their proprietary or third-party systems.
Learn more about the Safety of Assets for clients of J.P. Morgan Clearing Corp.
View Bear Stearns Securities Corp. financials (now known as J.P. Morgan Clearing Corp).