JP Morgan trust appoints portfolio manager
James Cook will co-manage the Global Growth and Income strategy
James Cook will co-manage the Global Growth and Income strategy
Despite firm’s funds under management and administration dropping £8bn in 2022
Which will support advisers in meeting Consumer Duty requirements
Asset manager’s investments performed well, but investor sentiment remained cautious
As the eligibility for and finality of the FCA’s proposed redress scheme is called into question
FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
AUM dropped by 14% in 2022 despite a strong Q4 performance
NAV total return hit 8% for the year as the firm turned its back on the asset class
Boutique’s management fees rose to £20.2m in the year to 5 April 2022
Shares in the firm were suspended in September, with the trust selling out at a 90% loss in November
£2bn lost to market movements and performance in nine months to the end of 2022
It still has some way to go to get back to the £17.3bn of funds under management recorded at the end of 2021