JPMorgan launches Japan absolute return fund

JP Morgan Asset Management has launched a Japanese absolute return portfolio for fund manager Kaori Tsujino.

The UCITS III Japan Market Neutral fund will be domiciled in Luxembourg, and aims to deliver a total return above cash via a portfolio of long and short equities. Tsujino, who currently manages the JP Morgan Tokyo fund II, will mimic the firm's Nippon neutral strategy to generate returns for investors in the new offering. JPMorgan expects the fund to have a low correlation to other asset classes, with the manager running the net sector and market exposure close to zero to minimise industry and market risks. The launch comes just months after the devastating earthquake and tsunami w...