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JP Morgan global thematic manager exits

JP Morgan global thematic manager exits

Gary Clarke (pictured), JP Morgan's co-head of global thematic and retail within the global equities team, has left the firm.

Clarke, who was formerly head of Schroders' European equities team, ran a raft of funds at the firm alongside Peter Kirkman, including a number of Luxembourg-domiciled products including the JPM Global Developing Trends and the JPM Global Total Return.

Kirkman is now the sole manager of these funds.

The JPM Global Infrastructure Trends fund that Clarke formerly ran was liquidated in August, while his UK-domiciled JPM Global Equity Absolute Alpha fund is in the process of being liquidated.

In a statement, JP Morgan Asset Management, said: 'We can confirm Gary Clarke has decided to leave the company for personal reasons. Peter Kirkman has been appointed lead portfolio manager on the JPM Global Equity and JPM Global Unconstrained Equity funds.'

'Peter has served as named portfolio manager on these strategies since inception. The investment philosophy, process and management of the funds remain consistent.'

Over the past three years, Clarke posted an average return of 34% across the global equity funds he managed compared to 34.8% by the average manager in the sector.

Prior to Schroders Clarke worked as a European equity manager at Gartmore.

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