Best Fund Provider Liquid Alternatives
J.P. Morgan Asset Management
Best Fund Provider – Liquid Alternatives
Randy Wachtel
co-portfolio manager of
J.P. Morgan Multi-Manager Alternatives Fund
“J.P. Morgan Asset Management’s Alternative Solutions Group is honoured and thrilled to receive this award. This is a true testament to our highly customised, transparent, liquid, and affordable solution that seeks to break down the barriers for investing in alternative strategies. This is also a recognition of Asian investors’ growing appreciation for liquid alternative strategies as they seek to enhance risk-adjusted returns and build resilient portfolios to weather different market conditions.
For the last 25 years, since the founding of J.P. Morgan Alternative Asset Management, we have been dedicated to generating alpha through rigorous research and due diligence of alternative strategies such as hedge funds and private credit. We have teams of dedicated investment professionals based in New York, London, and Singapore, focused on helping clients preserve capital and achieve steady, uncorrelated returns. We strive to be innovative in our alternative solutions and to tailor our strategies to achieve specific client outcomes. We would like to thank all our private bank and wealth partners for continuing to build client awareness on alternative solutions and for contributing to our success and recognition.”
Winners rationale
After 2018’s market sell-off, investors in 2019 increasingly diversified portfolios into non-traditional asset classes. As a viable option for hedge fund exposure, liquid alternatives exhibited strength and steadily gained traction in the region, notably within banks’ discretionary mandates as a downside protection strategy.
Backed by its global reach, vast resources, and robust governance, J.P. Morgan Asset Management in mid-2019 managed, for HNW and institutional clients, US$149 billion in AUM of alternative assets across real estate, liquid alternatives, private equity, private debt, hedge funds, and real assets. Of its events held across APAC, the annual investment conference, 2019 Global Alternatives Outlook, Insights and Research, generated great feedback from private banking clients.
As a provider of customised hedge funds solutions, J.P. Morgan Asset Management operates on the principles of close partnership in both pre- and post-sales, proactive support and guidance of clients towards better investment outcomes, and a focus on ensuring client satisfaction.
The firm’s flagship strategy — J.P. Morgan Multi Manager Alternatives Fund, a multi-strategy hedge fund offering with daily liquidity — gained traction among private banking clients in 2019.
Launched in 2016, the fund grew to about US$1 billion in October 2019 and a significant part of the flow was garnered from the region’s private banks, as they were proactively adding alternative exposure to their traditional equity and bond portfolios.
Clients’ trust always runs parallel with the outstanding fund performance. The fund was up 7.7% year-to-date as of the end of August 2019, outperforming the HFRX® Indices in all the five sub-strategies it invests in, which are long/short equity, merger arbitrage/event driven, relative values, credit, and macro/opportunistic.
More importantly, bucking the downward trend during a tough market environment made the fund stand out among peers. For example, between October 2018 and May 2019, the fund was up 0.7% compared to the MSCI World Index’s -4.3%.
For its strong distribution capability in liquid alternatives and for the outstanding performance of the Multi Manager Alternatives Fund, J.P. Morgan Asset Management has been selected as Asian Private Banker’s Best Fund Provider – Liquid Alternatives.
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