JPMorgan seeks to raise $250m for distressed asset investments

JPMorgan seeks to raise $250m for distressed asset investments

FILE PHOTO: A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo

JPMorgan Chase & Co.’s asset management division aims to raise $250 million from external investors for a new special situations group, according to a person familiar with the matter.

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