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Started By
Message
JP Morgan bet against itself
Posted on 5/16/12 at 10:08 am
Posted on 5/16/12 at 10:08 am
3
Posted on 5/16/12 at 10:13 am to jonboy
quote:You guess wrong.
I guess they hedged the hedge
It's obvious you didn't read the link you gave or you don't understand what it means for a mutual fund to buy an investment.
Posted on 5/16/12 at 10:16 am to jonboy
When you have behemoth type institutions like this with several very different business segments, you get things like this happening all the time. Not that big of deal, although you can bet we'll get at least a couple very stupid fricking statements from Congress about it.
Posted on 5/16/12 at 10:19 am to BennyAndTheInkJets
quote:By law a proprietary mutual fund must make its investment decisions independently of the bank's positions. This is the proverbial "Chinese Wall" between the bank and its mutual fund business.
Not that big of deal
Posted on 5/16/12 at 10:20 am to LSURussian
Yeah, this thread is misleading, but didn't JPM actually bet against its own CDS a few months back, pushing the envelope on the perpetual motion banking machine?
Posted on 5/16/12 at 10:21 am to LSURussian
quote:
LSURussian
Lighten up Francis, it was a joke.
I read the article and realize what happened.
Posted on 5/16/12 at 10:25 am to jonboy
Not really.
The fund manager was just trying to make a profit for the clients and saw a great opportunity. The fund manager had no idea the chief investment office was selling huge amounts of contracts...as they shouldn't anyway.
Anyway...I find this very interesting.
(sorry jonboy, I type slow...didn't see the other OPs comments before I posted)
The fund manager was just trying to make a profit for the clients and saw a great opportunity. The fund manager had no idea the chief investment office was selling huge amounts of contracts...as they shouldn't anyway.
Anyway...I find this very interesting.
(sorry jonboy, I type slow...didn't see the other OPs comments before I posted)
This post was edited on 5/16/12 at 10:29 am
Posted on 5/16/12 at 10:50 am to TheHiddenFlask
quote:I don't remember that. Not saying it didn't happen, just that I don't recall reading about that. Although it wouldn't surprise me.
didn't JPM actually bet against its own CDS a few months back,
Posted on 5/16/12 at 10:51 am to LSURussian
I hate this story so much already.
Posted on 5/16/12 at 11:04 am to kfizzle85
Posted on 5/16/12 at 11:15 am to kfizzle85
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