Hedge Funds

JPM Europe Dynamic rebuilds as consistency pays rewards


Having lost lead manager Ajay Gambhir in early 2007, the JP Morgan Europe Dynamic Long Short Fund suffered a wave of redemptions. But the strategy has continued to perform well under Jonathan Ingram’s team and assets are now gaining momentum again

The past few years have shown that even a liquid and high-performing fund, managed by a trusted brand-name institutional firm, can fall foul of a liquidity crisis and the resulting redemptions by spooked and cash-hungry investors.

The JP Morgan team (from left): Blake Crawford, John Baker, Jonathan Ingram and Anis Lahlou-Abid

The JP Morgan Europe Dynamic Long Short Fund is a case in point. The fund was making annualised returns of 24% in the run-up to the financial crisis, and arguably did not deserve to see the majority of its assets redeemed by investors