JPMorgan is breaking up with its giant private equity unit
The US bank is working on a deal to sell the private equity operation, which manages $22 billion, to Highbridge chief Scott Kapnick and other senior managers, according to the report.
JPMorgan will keep control of Highbridge's hedge fund unit, the report said.
The US bank bought a majority stake in Highbridge in 2004, and completed its purchase of the remaining shares in 2009.
JPMorgan last week missed earnings estimates for the third quarter.
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