JP Morgan credit spin-out JPS attracts investor inflows on strong track record
Fri Jun 22, 2012
Just eight months after being spun out of the investment bank into its asset management arm, Fahad Roumani’s credit hedge fund strategy at JP Morgan is nearing the $500m mark – with an impressive run of performance since launch
With widespread financial instability throughout Europe creating all manner of long/short opportunities in the credit markets, the potential upside is generating renewed investor interest in European credit specialists. At the same time, though, it has arguably never been harder to launch a hedge fund without substantial launch capital and an established infrastructure.
|Fahad Roumani (standing, third left) and the JPS team|
Track record remains an important factor for investors, many of whom are uneasy about investing in funds that do not already have a proven history and pedigree. And while some clients may be looking for the next big thing, the reality is that stability and size are perhaps seen as more important than ever – with the majority of new assets continuing to flow in the direction of large and robust institutional firms.
All of this would seem to bode well for the JPS Credit Opportunities Fund, the nascent credit...
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