JPMorgan Strategists Say Hedge Funds Cautious on Equity Exposure
The old JPMorgan Chase & Co. headquarters building at 383 Madison Ave. in New York, US, on Wednesday, Aug. 20, 2025. JPMorgan Chase & Co. is planning a renovation of its old headquarters building at 383 Madison Ave. and will use the space to house Manhattan-based employees alongside its new tower. Photographer: David Dee Delgado/Bloomberg Global stocks are at record highs, but positioning data from JPMorgan Chase & Co. suggests some investors including hedge funds are still holding back. “One group of in ...