JPMAM appointed by Newham Council as manager of £15m of pension fund assets

JPMorgan Asset Management (JPMAM) is pleased to announce that it has been appointed by the London Borough of Newham Pensions Fund to manage a £15 million currency mandate. The assets will be invested in the JPM Managed Currency Plus Fund.

Simon Chinnery, Senior Client Adviser at JPMorgan Asset Management said: “We are delighted to have been awarded this currency mandate from the London Borough of Newham. In recent years pension funds have become more focused on the currency markets as a further potential source of return, and in response to this JPMAM has created a pooled product that puts active currency management into an asset class of its own. The JPM Managed Currency Plus Fund enables investors to gain significant currency exposure with reduced cash allocation through the use of leverage.”

JPM Sterling Managed Currency Plus Fund – Key Facts

JPM Sterling Managed Currency Plus Fund benefits from the use of our proven and successful JPM currency investment strategy, which has been running for over ten years.

The fund benefits from a proven investment process that combines quantitative and qualitative analysis to exploit movements in global currency markets.

The fund is managed by one of the most experienced currency teams in the world, part of JPMorgan Asset Management – one of the world’s largest active asset managers.

Currency strategies have a low correlation with other asset classes, creating greater portfolio risk diversification.

The fund is a Lux part 2 SICAV

Targets an absolute return of 20% including Sterling 1 month LIBOR.

The fund has weekly liquidity