1-Apr-14
since shale gas wells in the United States mushrooms; JPMorgan Chase is getting in on the action with a private client equity strategy to provide exposure to the field.
The strategy, the main task is to run through isolation client has grown to more than 300 million U.S. dollars since it began in October, according to people familiar with the matter.
And JP Morgan executives, strategic consultants, including the Mitchell Group, energy investment experts, Southern Sun Asset Management, IMPAX asset Management Company headquartered in London and turtles Capital Advisors, an energy expert at Kansas listed.
Fracturing shale boom driven by fossil fuel production in the United States, and is expected to grow by 56%, output of natural gas during 2012 and 2040.
Private banks have more than private equity firms and professional fund managers slow to provide specialized strategic trend, but a spokesman for JP Morgan Private Bank said it was generally "very constructive U.S. energy renaissance."
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