JP Morgan Chase 2009 Annual Report Download - page 45

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Existingcapabilities
Asset Management
AssetManagement,with
assets under supervision
of$1.7trillion,isaglobal
leader in investment and
wealth management.
AssetManagementclients
include institutions, retail
investors and high-net-
worth individuals in every
major market throughout
theworld.AssetManage-
ment oers its clients global
investment management in
equities, fixed income, real
estate, hedge funds, private
equity and liquidity, includ-
ing money market instru-
ments and bank deposits.
AssetManagementalso
provides trust and estate,
banking and brokerage
services to high-net-worth
clients and retirement
services to corporations and
individuals. The majority
ofAssetManagement’s
client assets are in actively
managed portfolios.
2009 HIGHLIGHTS AND ACCOMPLISHMENTS
• Asthe#1moneymarketfundmanagerinthe
world,managedmorethan$500billionin
global liquidity assets on behalf of clients.
In2009,theJ.P.MorganUSDollarLiquidity
Fund became the largest mutual fund in
Europeandtherstofitskindtoreach
$100billioninassets.
• Achievedrecordrevenueof$2.6billioninthe
Private Bank led by strong brokerage activity
as we put timely, innovative investment
opportunities to work for clients.
• Providedclientswithsuperiorrisk-adjusted
returns. The percentage of global long-term
mutual fund assets under management in the
rstorsecondquartileswas74%fortheve-
yearperiodand62%forthethree-yearperiod
endedDecember31,2009.
• Rankedthirdinlong-termU.S.mutualfund
flows as retail investors sought the stability
and performance of J.P. Morgan Funds.
• Ranked#4U.S.MutualFundFamilybasedon
investment performance over five-year period.(a)
• ExpandedPrivateWealthManagementinto
venewmarkets:Miami,Philadelphia,San
Francisco,SeattleandWashington,D.C.
• Grantedmorethan$100milliontocharities
throughout the world on behalf of Private Bank
fiduciary clients.
• Euromoney rated the Private Bank as the top
private bank for ultra-high-net-worth clients
globally.
• ChinaInternationalFundManagement,the
jointventurebetweenJ.P.MorganAsset
ManagementandShanghaiInternationalTrust
& Investment Co., was named the best overall
performing foreign asset manager operating in
China by a PricewaterhouseCoopers survey.
• ReceivedtheGoldStandardAwardforFunds
ManagementintheUnitedKingdomforthe
seventh year in a row from leading publishing
house Incisive Media.
• NamedAssetManagementCompanyoftheYear
inAsiaandHongKongbyThe Asset magazine.
• CompletedtheacquisitionofHighbridge
CapitalManagement.In2009,Highbridge
clients experienced the best investment
performanceinits17-yearoperatinghistory.
Sincetheformationofthepartnershipin2004,
client assets under management have grown
threefold.
Our business has been built upon our core principle of putting our
clients’ interests first. Inherent in that commitment is a fiduciary
responsibility of successfully managing our clients’ assets — which
is the foundation of what we do — every minute of every day.
0
500
1,000
1,500
$2,000
$1,149
$1,347
$1,572
$1,496
$1,701
20092008200720062005
Assets under supervision
(in billions)
(a) Barron’s