JPMAM’s Japan manager leaves group
Manager set to ‘pursue other opportunities’.
JPMorgan Asset Management has passed management of its underperforming £63.6m Japan fund to Robert Lloyd after David Mitchinson left the group.
The group said Mr Mitchinson has left to “pursue other opportunities”.
“Mr Lloyd, who is based in Hong Kong, currently manages the flagship JF Japan Sicav as well as a few segregated mandates and takes over the management of the JPM Japan fund with immediate effect,” the group said.
The Japan fund has underperformed the peer group after losing 14 per cent over five years to September 26 compared with the IMA Japan sector average loss of 5.4 per cent, according to FE Analytics.