No. of Recommendations: 1
The new role at JPMC seems a bit buzzword heavy and generic ( Head of Strategic Investment Group of the firm's new Strategic and Resilliency Initiative). This group oversees about $10b, substantially below what a post-Buffett investment manager at Berkshire would have expected to oversee.
I had the same thought:
As part of the program, the bank said it will commit up to $10 billion in direct equity and venture capital investments to help selected U.S. companies expand growth, drive innovation and accelerate strategic manufacturing.
Bolding mine. I've seen the same exact phrase from a client (food manufacturing). Probably the same management consultancy!
