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JPM absolute fund looks for IFA traction

JP Morgan Asset Management has launched a global equity absolute alpha fund as its first global equities long/short Oeic in the absolute return sector.

The global Ucits III long/ short fund will be managed by Gary Clarke and will look to beat the Libor one-month index by 3 to 5 per cent over a 12-month period.

Annual management charge is 1.25 per cent, with a 10 per cent performance fee. The fund will sit in the absolute return sector. JPM launched the Highbridge statistical market-neutral Oeic into the absolute return sector last year.

Head of UK retail sales Jasper Berens says: “I think the media coverage of absolute return funds has been incorrect and that they will have a big future within people’s portfolios. We think it will continue to grow and that a product of this ilk will gain traction in the IFA market.”

Chelsea Financial Services managing director Darius McDermott says: “JPM has already done well with its Highbridge suite of funds and this launch makes sense in terms of broadening its offering in the absolute return sector.”



Govt reveals £1.13trn public sector pension liabilities

New figures from the Treasury show the net public service pension liability stands at £1.13trn, nearly half of all Government liabilities. Released this morning, the ‘whole of government accounts’ are a new way of consolidating financial information from central and local government, the NHS and public corporations in one place. The figures are for the […]


BBA: ICB must not go beyond Basel capital levels

The Independent Commission on Banking must avoid proposing capital requirements which are not in line with international standards, warns the British Bankers’ Association. The ICB’s interim report, published in April, proposed ringfencing retail banks and making them hold a minimum of 10 per cent core tier 1 capital. The international standard set under Basel III […]


Advertising Standards Agency may probe “free advice” advert

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FSA fines two ex-A2O directors £42,000

The FSA has fined two former directors of Alpha to Omega (UK) a total of £42,000 for widespread compliance failings leading to the risk of unsuitable investment advice. A2O compliance director Andrew Ruff has been fined £28,000 and has been banned from performing any significant influence function, while managing director Richard Lindley has been fined […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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