JPMorgan American IT to replace Fish as board eyes new strategy

Performance fees scrapped in MiFID II simplification

Garrett Fish is set to be replaced as manager of the J.P. Morgan American Investment Trust under proposals from the board which will see the company adopt a "higher conviction" approach to the large cap portion of the portfolio as part of a new "equity focus" strategy.

The board's proposals, which will face shareholder scrutiny at a 2 May AGM, will see Jonathan Simon and Tim Parton become co-lead managers on the new equity focus strategy.  JPMAM to realign US Smaller Companies fund as growth strategy Simon, who has been with the firm for 38 years, manages J.P. Morgan Mid Cap Value, Value Advantage Strategy and the US Value funds. He is also the co-portfolio manager of the US Equity All Cap and America Equity funds, and the back-up portfolio manager of the JPMorgan Growth & Income and Equity Income strategies. Parton, who has been with JP Morgan 3...