JPMAM Japan manager Mitchinson exits

J.P. Morgan Asset Management's(JPMAM) Japanese fund manager David Mitchinson has quit the firm to pursue a new opportunity in the industry.

Mitchinson's £64m Japan fund will be handed over to Robert Lloyd, manager of the group's JF Japan SICAV. Mitchinson joined JPMAM in 2004 from Framlington Investment Management, where he was a Japanese equities fund manager. In May, Mitchinson was taken off the management of the Japan Smaller Companies investment trust, following a five-year period of underperformance. He was replaced by Shoichi Mizusawa, head of the group's investment team in Tokyo. Over the past year under Mitchinson's stewardship the fund is bottom of the IMA Japan sector, posting a loss of 9.4% compared to th...