By Claire Makin
Paul Zummo and
A rare peek behind the scenes at JP Morgan Alternative Asset
Management (JPMAAM) reveals a well-oiled and smoothly running
machine, as you would expect from the bluest of blue chip fund
of hedge fund providers.
This is not to imply that the New York-based outfit has been
complacent in the face of changing markets and client demands
since 2008 and before. On the contrary, JPMAAM has adapted in
ways that less heavyweight competitors can only dream of.
One evolutionary change is the growth of 'customised
solutions’, which now account for $5 billion of
the $9 billion that JPMAAM oversees. Corey Case, who is chief
operating officer and co-heads JPMAAM together with long-time
chief investment officer Paul Zummo, sees these individualised
mandates as "a growth engine" going forward as clients take
more control over their hedge fund portfolios.
This side of the business...