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Benzinga

Business

Murtuza J Merchant

Numerai Secures Up To $500M Commitment From JPMorgan Asset Management

JPM JPMorgan JPMorgan Asset Management NMR

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San Francisco-based hedge fund Numerai (CRYPTO: NMR) has secured a commitment of up to $500 million from JPMorgan Asset Management (NYSE:JPM), potentially more than doubling the firm's size.

What Happened: Numerai currently manages about $450 million and expects the new capital to be deployed over the next year.

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