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.

Related Fund Managers

Gareth Witcomb
Gareth Witcomb
4/12 in Mixed Assets - Balanced EUR (Performance over 3 years) Average Total Return: 11.08%
Katherine Santiago
Katherine Santiago
15/24 in Alternative UCITS - Multi Strategy (Performance over 3 years) Average Total Return: 9.91%
Yazann Romahi
Yazann Romahi
4/5 in Alternative UCITS - Event Driven (Performance over 3 years) Average Total Return: 1.67%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter