JPM overhauls asset allocation on Cautious Real Return

J.P. Morgan has altered the investment process on its £533m Cautious Total Return fund, handing some of the stock selection decisions to JPM's specialist teams.

Managers Neill Nuttall (pictured) and Talib Sheikh will retain leadership of the fund, but other investment desks will be responsible for different portions of the portfolio. JPM's regional equity teams, led by James Elliot, will manage the equity part of the fund, while Anthony Vallee and the global convertible bond team will select convertible bonds and credit. Sheikh and Gareth Witcomb will manage fixed income, currency and cash, while Sheikh, Nuttall, and Shrenick Shah will run asset allocation and hedging. Other opportunistic asset allocation decision will be taken by the global ...