Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

JP Morgan alters line-up on £1.2bn Systemic Alpha fund

JP Morgan alters line-up on £1.2bn Systemic Alpha fund

JP Morgan has replaced former Citywire + rated Gareth Witcomb with fund manager Wei Li on its €1.5 billion (£1.2 billion) Systematic Alpha fund, Citywire Global has learned.

Witcomb had co-run the Luxembourg-domiciled Alternative Ucits fund since its launch in 2009.

Fellow co-manager Yazann Romahi remains lead portfolio manager of the strategy, while Katherine Santiago, who was added in 2011, also remains.

The change, which came into effect on 1 July, is designed to reflect the growth of the team’s quantitative strategies capabilities, JP Morgan said.

Speaking to Citywire Global, a spokesperson said: ‘Gareth remains a key member of the investment team within the multi-asset group and will focus on his role as portfolio manager across the group’s balanced fund range.

‘There will be no change in the fund’s investment process or approach.’

Li had served as part of the team on the fund, which is designed to capture alternative beta opportunities through a systematic multi-strategy investment style, since 2010.

The JPM Systematic Alpha A Acc EUR fund returned 8.7% over the three years to the end of June 2014. This compares with a return of 11.2% by the average manager in the Citywire Alternative Ucits Long/Short Equity sector over the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Play Henderson's Lofthouse on merger boost and political risk

Henderson's Lofthouse on merger boost and political risk

Ben Lofthouse talks through where he is finding income and what surprises await the global economy in the new year.

Read More
Your Business: Cover Star Club

Profile: 'a lot of the hard work is done' says Charles Stanley

Profile: 'a lot of the hard work is done' says Charles Stanley

We’ve turned a corner, and there is positive momentum behind Charles Stanley says Charles Stanley's private client head

Wealth Manager on Twitter