JPMAM continues momentum in UK institutional business

JPMorgan Asset Management (JPMAM) announced that it had won 21 mandates from UK pension plans at year to date 2008, with a total AUM of approximately £1 billion. JPMAM also saw significant flows into alternative asset classes such as infrastructure, real estate, 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 five months of 2008.We have had 17 consecutive quarters of positive net new business flows and Q2 looks certain to be the 18th. 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 sustained growth in our UK institutional business are significant."