JPM adds hedged sterling share class to Highbridge commodities fund

JP Morgan has launched a sterling hedged share class for its Diversified Commodities fund run by it alternatives arm, Highbridge Capital Management.

The fund, managed by Sassan Alizadeh and Mark Nodelman, was launched earlier this year offering investors exposure to pure commodities with the US dollar as the base currency. However, the group said following investor concerns over currency risk a sterling hedged share class have been launched. Jasper Berens, head of the UK intermediary business at JPM said: "The dollar has continued to weaken against sterling for some time and although the last few months have seen the dollar strengthen somewhat, volatility between the currencies is likely to continue. "Given this uncertainty, it...