Barakos to step back from JPM Europe Equity Absolute Alpha fund

Matt Jones added

JPM fund manager, Michael Barakos, has stepped back from the team that manages the JPMorgan Funds - Europe Equity Absolute Alpha fund, a spokesperson confirmed with Investment Week.

He has been at the helm of the €46.2m fund since it launched in 2013. Nicholas Hoarne and Ben Stapely will remain on the fund, joined by Matt Jones as the third manager.  According to JPM, the move to name Jones as a manager on the fund was part of a "natural progression" in the firm.  TISA chief executive David Dalton-Brown to step down The Luxembourg-domiciled SICAV fund, which targets a total return through long and short investments in European companies, has returned 27.9% over five years, compared with a sector average of 7.4%, according to FE fundinfo data. Over one year, th...