JPMAM launches liquid alternatives fund for Zummo

Available to investors from 12 January

J.P. Morgan Asset Management has launched a new alternative multi-manager UCITS fund for Paul Zummo, Randy Wachtel and Christopher Marshall.

The Multi-Manager Alternatives fund will draw on multiple hedge fund managers selected by J.P. Morgan Alternative Asset Management, a hedge fund allocator. Its aim is to deliver returns with lower sensitivity to traditional equity and bond markets, targeting long-term capital appreciation with low volatility. The new fund, which will sit in the group's SICAV range, will allocate to underlying hedge fund sub-strategies based on their relative attractiveness.  The managers will utilise a bottom-up fund manager selection process, initially including eight to 12 underlying managers.  ...