JPMorgan Chase & Co.'s (NYSE:JPM) asset management arm is set to deepen its relationship with one of the world's largest sovereign wealth funds through a planned $20 billion partnership with the Qatar Investment Authority (QIA). The preliminary agreement spans both public and private markets, and the company stated that JPMorgan Asset Management will manage $15 billion in customized global equity portfolios for QIA, while another $5 billion initiative will see the two firms provide senior financing to middle-market companies in the United States. DON'T MISS: Waymo is Taking Robotaxis to Tokyo. Can Alphabet Get Ahead of Uber in Japan?
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