Key Takeaways
- • JPMorgan Asset Management has secured a new mandate from Quilter to manage a UK long-short equity fund focused on consumer stocks, immediately placed into Quilter's WealthSelect range.
- • The fund will be managed by Jonathan Ingram, Alexander Whyte, Victoria Helvert, and Guy Anderson—a team with strong track records, including Ingram's top-quartile performance on JPMorgan's £322 million UK Dynamic Equity fund and £1 billion European Dynamic Equity fund over one, three, and five-year periods.
- • The strategy is based on JPMorgan's recently launched Consumer Long-Short Fund and targets high net equity exposure with alpha generation through stock selection rather than beta, focusing on both long and short positions in consumer equities.
- • Stuart Clark, head of Quilter WealthSelect MPS, cited the team's disciplined approach and use of multiple methodologies to mitigate risks associated with singular investment approaches as key reasons for the partnership.
Summary
JPMorgan Asset Management has won a new mandate from Quilter to manage a UK long-short equity fund with a focus on the consumer sector. The fund has been integrated into Quilter's WealthSelect managed portfolio service (MPS) range as a sub-advised mandate. This represents a strategic addition to Quilter's alternatives offering, expanding its suite of differentiated investment strategies.
The mandate will be overseen by a four-person team: Jonathan Ingram, Alexander Whyte, Victoria Helvert, and Guy Anderson. Ingram brings established credentials as manager of JPMorgan's UK and European Dynamic Equity funds, both of which have delivered top-quartile performance over one, three, and five-year periods. The UK fund manages £322 million, while the European fund exceeds £1 billion in assets under management. Guy Anderson, meanwhile, is closely associated with the £1.5 billion Mercantile investment trust, which concentrates on mid-cap UK equities, bringing additional sector expertise to the partnership.
The fund's investment strategy is built on JPMorgan's recently launched Consumer Long-Short Fund. It emphasizes net equity exposure with performance driven primarily by alpha generation through bottom-up stock selection rather than systematic beta strategies. Both long and short positions will focus on consumer sector equities, allowing the team to exploit pricing inefficiencies in both directions within the sector.
Stuart Clark, who oversees the Quilter WealthSelect MPS, stated that the firm has been monitoring the JPMorgan team for an extended period before committing to the partnership. He highlighted the team's disciplined investment process and flexibility in deploying multiple approaches to avoid pitfalls associated with single-methodology strategies. This hire reflects Quilter's broader strategy to integrate differentiated alternative investment approaches within its WealthSelect platform.
The mandate will be overseen by a four-person team: Jonathan Ingram, Alexander Whyte, Victoria Helvert, and Guy Anderson. Ingram brings established credentials as manager of JPMorgan's UK and European Dynamic Equity funds, both of which have delivered top-quartile performance over one, three, and five-year periods. The UK fund manages £322 million, while the European fund exceeds £1 billion in assets under management. Guy Anderson, meanwhile, is closely associated with the £1.5 billion Mercantile investment trust, which concentrates on mid-cap UK equities, bringing additional sector expertise to the partnership.
The fund's investment strategy is built on JPMorgan's recently launched Consumer Long-Short Fund. It emphasizes net equity exposure with performance driven primarily by alpha generation through bottom-up stock selection rather than systematic beta strategies. Both long and short positions will focus on consumer sector equities, allowing the team to exploit pricing inefficiencies in both directions within the sector.
Stuart Clark, who oversees the Quilter WealthSelect MPS, stated that the firm has been monitoring the JPMorgan team for an extended period before committing to the partnership. He highlighted the team's disciplined investment process and flexibility in deploying multiple approaches to avoid pitfalls associated with single-methodology strategies. This hire reflects Quilter's broader strategy to integrate differentiated alternative investment approaches within its WealthSelect platform.
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