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JPMorgan Asset Management – JPM Global Equity Absolute Alpha Fund

JPMorgan Asset Management – JPM Global Equity Absolute Alpha Fund

Type: Oeic

Aim: Growth above the one month sterling LIBOR over rolling 12 month periods mainly through long positions in equities and derivatives, short positions in derivatives and cash/cash equivalents, with ability to hold fixed and floating rate bonds

Minimum investment: Lump sum £1,000, monthly £100

Investment split: 100% in equities, derivatives, cash and bonds

Isa link: Yes

Charges: Initial 4.25%, annual 1.25%, performance fee 10%

Commission: Initial 4%, renewal 0.5%

Tel: 0800 727 720



High-earners could face auto-enrol tax bills

The Government is facing calls to allow high-earners to permanently opt out of automatic enrolment due to concerns that some could face six-figure tax bills if they inadvertently void their fixed protection. The lifetime allowance for tax-privileged pension saving will be cut from £1.8m to £1.5m from April 6, 2012. Investors are able to lock […]


FSA agrees to sell reporting mechanism to LSE for £15m

The FSA has entered into a conditional agreement to sell its approved reporting mechanism to the London Stock Exchange for £15m. The transaction reporting system is an ARM established in the UK market for the reporting of transactions in regulated instruments by firms to the FSA in accordance with part of the FSA Handbook and […]


Nest drew £79m in DWP loans last year

Nest drew £78.9m in Department for Work and Pensions’ loans during 2010/11 as the Government-backed pension scheme geared up preparations for automatic enrolment in October 2012. Nest Corporation’s annual report and accounts for 2010/11, published last week, reveal the scheme drew down net loan funding of £78.9m compared with £35.4m in 2009/10. The accounts show […]


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