Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of 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
Citywire TV
Play BlackRock UK Special Sits: when will we sell our star holdings?

BlackRock UK Special Sits: when will we sell our star holdings?

What would prompt Roland Arnold to sell the likes of Ashtead and Howden?

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter