JPMAM continues momentum in UK institutional business

JPMorgan Asset Management (JPMAM) has announced that it had won 27 mandates from UK pension plans at year to date 2007, with almost 60% of the assets invested in equity products.

JPMAM also saw significant flows into alternative asset classes such as infrastructure and hedge funds.

Peter Ball, Head of UK Institutional Business for JPMorgan Asset Management said, “We have sustained our impressive growth rates in the first four months of 2007, following on from a strong 2006. JPMAM has built a strong reputation for consistent out-performance across a wide range of its products. In a market where institutional investors are increasingly looking for specialist, higher performance equity fund management expertise and the diversification benefits of investing into alternative asset classes, the opportunities for further growth in our UK institutional business are significant."

Earlier in the year, JPMAM also announced currency mandates totalling £35m awarded by the Bedfordshire County Council and the London Borough of Newham pension funds, as well as a £440m global equities mandate awarded by Unilever plc Pensions Fund – these mandates were awarded in Q4 2006.

JPMAM recently launched its JPM Duration & Alpha Funds - a range of products aimed at pension schemes interested in a “one stop LDI solution”.