JPMAM appointed by Bedfordshire County Council

JPMorgan Asset Management (JPMAM) is pleased to announce that it has been appointed by Bedfordshire County Council Pension Fund to manage a £20 million currency mandate. The assets will be invested in the JPM Managed Currency Plus Fund.

Geoff Reader, Head of Pensions and Treasury Management at Bedfordshire County Council said: “We have been diversifying our portfolio by adding new sources of non-correlated alpha. We believe the JPM Managed Currency Plus Fund is an important part of that diversification”.

Peter Cazalet, Senior Client Adviser at JPMorgan Asset Management said: “We are delighted to have been awarded this currency mandate from Bedfordshire County Council. 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.”