Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

John Anderson to exit JP Morgan AM after Corporate Bond fund review

John Anderson to exit JP Morgan AM after Corporate Bond fund review

Wealth manager can reveal bond fund manager John Anderson has left JP Morgan Asset Management.

Anderson (pictured) joined JP Morgan from Gartmore in April 2011 to run the firm's sterling corporate bond vehicle.

He was hired by Gartmore as head of credit at the start of 2009 to help revive the firm's ailing fixed income business with his strong performance on the Gartmore Corporate Bond fund earning him a Citywire AA-rating and place in the Citywire Selection fund buy list.

However, Anderson's position at Gartmore became unclear following Henderson's acquisition of the firm in 2010. This ultimately led to his move to JP Morgan to run the JPM Sterling Corporate Bond fund, which he assumed control of in May 2011.  

A spokesperson for the firm said: 'JP Morgan Asset Management constantly looks at the resources it has across any business or product, and fixed income is no different. 

'We have added a significant number of fixed income professionals over the last five years, across our global fixed income franchise, and we have continued to add this year. We can confirm that we are currently looking at the fund manager coverage of the JPM Sterling Corporate Bond fund.

'John has been put at risk of redundancy as part of that review. However, no decision has been made regarding any changes. If the redundancy did go ahead, we would of course ensure the JPM Sterling Corporate Bond fund – to which we remain very committed – has the appropriate resource and experience.'

According to Lipper, in the 12 months to the end of June Sterling Corporate Bond fund has returned 6.8% versus a 7.75% rise in the Merrill Lynch Sterling Corporate Bond fund index. It's maximum drawdown of 4.04% was the 22nd best out of the 108 funds in the peer group.

He was last rated by Citywire in December 2011, when he was A-rated.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

John Anderson
John Anderson
52/58 in Bonds - Sterling Corporate Bond (Performance over 3 years) Average Total Return: 26.55%
Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter