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Institutional Investors Stow $480M Into JP Morgan Shipping Fund

by posted 1year ago 368 views
<p>Pension funds, insurers and other institutional investors have committed $480m (&euro;430m) to a new shipping fund run by JP Morgan Asset Management.</p> <p>The Global Maritime Investment Fund II has already bought 14 assets, investing $312m or 65% of its total capital, the firm said.</p>