JPMorgan Chase & Co CEO Jamie Dimon recently confronted public pension fund managers about channeling more of their investments into private assets, a trend he said could be at odds with their stated policy concerns.

"You call me up and talk to us about all the issues you're interested in. But when you make huge investments in the private side, you don't get that kind of transparency," he told a meeting of the Council of Institutional Investors in New York on Sept 10.

The gathering included many public pension fund officials, whose decisions Dimon said are a major reason many more companies are now choosing to raise capital outside U.S. public equity markets. READ MORE