JPMorgan Asset Management appointed by John Lewis

JPMorgan Asset Management (‘JPMAM’) is pleased to announce that it has been appointed by the John Lewis Partnership Pensions Trust Ltd (‘John Lewis’) as sole Japanese active manager for £50 million of assets.

The assets from John Lewis’s defined benefit scheme have been invested in a segregated JF Higher Alpha Japanese equity portfolio.

Andrew Chapman, Pension Investment Manager at John Lewis Partnership said, “We were keen to have an active Japanese equity investment allocation and Hewitt assisted us with an initial list of potential managers. JF is the Asian asset management arm of JPMAM and has a longstanding reputation in the Japanese market. After an extensive due diligence process involving 5 potential managers including site visits in Tokyo, we selected JF to manage the mandate.”

Commenting on the mandate, Sue Curtis, Managing Director UK Institutional Business at JPMorgan Asset Management said, “We are delighted to have been chosen by John Lewis to manage this mandate for them and we look forward to a mutually rewarding relationship for many years to come.”