JPMAM expands range with US long-short fund

Strategy for downside protection

J.P. Morgan Asset Management has expanded its SICAV fund range with the launch of a long-short US equity strategy.

The US Opportunistic Long-Short Equity fund will be a new UCITS vehicle in the firm's SICAV range and will be managed by US equity portfolio manager Rick Singh. This alternative equity strategy will take a total return approach and will target lower volatility and higher risk-adjusted returns than long-only US equity strategies. JPMAM's Berens: "Everyone is still working out their value in the chain" It will be able to short positions through derivatives to manage risk and limit losses during difficult equity periods, while using its long exposure to capture positive stockmarket pe...