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 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.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter