JPMorgan acquires LayerOne Financial to enhance hedge fund offerings through Neovest.

JPMorgan acquires LayerOne Financial, an investment management platform, to bolster its offerings for hedge funds through Neovest, a fully-owned subsidiary. Clients can manage portfolios, conduct risk assessments and perform compliance checks on one platform. The acquisition is part of a trend for banks to expand services to hedge funds amidst dropping dealmaking and capital markets activity.

March 04, 2024
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