JP Morgan Asset Management Launches New Multi-Manager UCITS Fund

Jan 12 2016 | 10:00pm ET

JP Morgan Asset Management has launched a new multi-manager UCITS fund.

The new JP Morgan Funds - Multi-Manager Alternatives Fund will be managed by Paul Zummo, chief investment officer at J.P. Morgan Alternative Asset Management. It will be included in JP Morgan’s SICAV and offers daily liquidity and competitive fees, according to a statement. 

The fund, which became available on Monday, will allocate capital to between eight and twelve hedge fund managers based on low volatility and low correlations to traditional equity and bond markets. The total expense ratio will be 2%.

“This portfolio can provide access to multiple sub strategies using liquid instruments in order to provide a core alternative solution,” said Karim Leguel, head of JP Morgan Alternative Asset Management Hedge Fund Solutions for EMEA, in the statement. 

The fund aims to provide the benefits of diversified exposure to a wide number of hedge fund managers, but at lower costs, lower fees and with daily liquidity profile.

J.P. Morgan Alternative Asset Management has $12.9 billion in assets under management across approximately 90 funds. It has managed multi-manager funds since 1995.

 


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