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 and Schroders bankers lined up for retail launch

JP Morgan and Schroders bankers lined up for retail launch

JP Morgan's top rated analyst Matt Truman is behind the launch of a new asset management vehicle targeting opportunities in the retail sector.

Truman, well-known within the investment bank's European retail team as the broker for Tesco, and cash and carry chain Booker, has already teed up former Citi and Schroders investment banker Guy Harington for the vehicle's advisory board. 

Harington will bring with him a breadth of experience in emerging markets and will be officially installed at True Capital when the fund closes.

According to its prospectus, asset management vehicle True Capital will in its first year focus on five key trends it expects to become 'pronounced' during 2013 and beyond.

These include services within the sector becoming increasingly personalised, the demise of bricks and mortar stores and the likely streamlining of retailers factories and manufacturing hubs.

While many have said the downturn suffered by high street retailers is a result of the slowing economy, Truman told his clients the squeeze on growth has merely shone a spotlight on weak businesses.

'Many sector commentators would have predicted the retailers who have succumbed to the challenging economic times thus far but our sense is that the cuts go deeper, especially in the bigger businesses. This isn’t necessarily the fault of the weak economy; in this instance the economy merely shines a light upon the weak aspects of many businesses as consumers modify their shopping habits,' Truman told them.

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: why Patronus Partners' founder left the only job he ever knew

Profile: why Patronus Partners' founder left the only job he ever knew

'There was a definite idea of how things would work out over 12 months. When we look back, that was inaccurate'

Wealth Manager on Twitter