Stocks
QIA Teams Up with JPMorgan for $20 Billion Investment Deal
The Qatar Investment Authority (QIA) and J.P. Morgan Asset Management have announced a $20 billion strategic partnership to invest in public and private markets.
The partnership will include two initial areas of collaboration: a $15 billion public equities mandate and a $5 billion private markets investment initiative.
The public equities mandate will see JPMAM manage customized global equity portfolios for QIA, drawing on the firm's active equity capabilities and research resources.
Mohammed Saif Al-Sowaidi, CEO of QIA, said: 'We are pleased to grow our partnership with J.P. Morgan Asset Management.'