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JPM Europe Equity Absolute Alpha A (perf) Acc EUR

Ranked 117 out of 169 in - Long/Short Equity over 12 months
All calculations are in EUR unless stated

Managed by

Michael Barakos

Michael Barakos joined JP Morgan Asset Management as an investment analyst in 1999, having earned a bachelor’s degree in economics from the London School of Economics. He was appointed European investment manager in 2000 and currently co-manages a variety of funds, applying a bottom-up investment style to the UK-domiciled JPM UK Equity and JPM UK Strategic Value funds and the Luxembourg-domiciled JPM Europe Strategic Value and JPM Europe Strategic Growth funds. Born in 1977, Barakos gained early experience of the financial world by working as a risk management accountant for the European Bank for Reconstruction and Development’s treasury department from 1995 to 1996. He followed this with internships at Sigma Securities in Athens and at Deutsche Asset Management before joining JP Morgan. Away from the office he is a keen tennis player and follows the fortunes of Liverpool football Club.

Nicholas Horne

Nicholas Horne is a portfolio manager and head of research in the J.P. Morgan Asset Management European Equity Group. An employee since 2006, he did his investment banking internship at the M&A Group at Trenwith Securities. Before that, he did an internship in private wealth management at Smith Barney. Nick holds a BSM in finance and international relations from Tulane University, and an MSc in politics of the world economy from the London School of Economics. Nick is a CFA charterholder.

Ben Stapley

Ben Stapley is a portfolio manager at J.P. Morgan Asset Management based in London. An employee since 2002, Ben worked in a product development role for 5 years before joining the European Equity Group. Ben sits within the Style team, contributing to all investment strategies run on the sub-team, but with a particular focus on growth mandates. He is currently lead manager on a number of funds. He graduated at the University of Nottingham and holds a BA degree in Economics. Ben is a holder of the Investment Management Certificate and is a CFA charterholder.

Objective

At least 67% of the Sub-Fund’s assets will have exposureto equity securities of companies that are domiciled in, or carrying out the main part of their economic activity in, a European country. Such exposure may be obtained entirely through the use of financial derivative instruments.The Sub-Fund will use long and short positions to achieve its investment objective, buying securities considered undervalued or attractive and selling short (achieved through the use of financial derivative instruments) securities considered overvalued or less attractive.

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Performance

Long/Short Equity over : 31/08/2017 - 31/08/2018
  • Rank 117/169 Total Return
  • Rank 53/169 Standard Deviation
  • Rank 89/169 Max Drawdown
Fund Name Currency Return
115 Nomura Alpha Japan Long Short A EUR EUR

-1.7%
115 BANOR SICAV Italy Long Short Equity R EUR

-1.7%
117 JPM Europe Equity Absolute Alpha A (perf) Acc EUR EUR

-1.7%
118 ZEST Mediterraneus Absolute Value I EUR

-1.7%
119 BPI Global Invest Fd BPI Alt Fd Ibe Eq L/S Fd R EUR

-1.8%
View full league table
Fund Name Currency Risk
51 Fonditalia Flexible Emerging Markets - R EUR

4.0
52 DNCA Invest Velador B EUR

4.1
53 JPM Europe Equity Absolute Alpha A (perf) Acc EUR EUR

4.1
54 Rational Asset Mgmt Equity Long/Short IC H-EUR

Currency exposure is hedged

Currency exposure is hedged

 EUR

4.1
55 UNI-GLOBAL Absolute Return SA-EUR EUR

4.1
View full league table
Fund Name Currency Loss
87 Jupiter JGF Global Absolute Return I Cap EUR EUR

-4.1%
88 UNI-GLOBAL Absolute Return SA-EUR EUR

-4.1%
89 JPM Europe Equity Absolute Alpha A (perf) Acc EUR EUR

-4.2%
90 LOF - Fundamental Equity L/S Sys.Hdg.Seed (EUR) MA

Currency exposure is hedged

Currency exposure is hedged

 EUR

-4.2%
91 Fonditalia Flexible Italy - R EUR

-4.2%
View full league table

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 0.9% -1.3%
2017 3.7% 3.3% -1.4% 2.6% -0.8%
2016 -8.5% -4.4% -4.3% 2.0% -1.9%
2015 4.9% 4.2% -1.1% 3.1% -1.2%
2014 20.8% 6.3% 3.5% 3.1% 6.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/05/2018

Top 10 Holdings

Stock Size
Cash and Cash Equivalents 12.76%
EUR Cash 3.02%
Royal Unibrew A/S ORD 1.09%
UPM-Kymmene Oyj ORD 1.08%
Neste Oyj ORD 1.07%
RHI Magnesita NV ORD 1.07%
Rockwool International A/S ORD 1.04%
Verbund AG ORD 1.04%
Aker BP ASA ORD 1.03%
ACS Actividades de Construccion y Servicios SA ORD 1.02%
31/05/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Estonia
  5. Finland
  6. France
  7. Germany
  8. Greece
  9. Ireland
  10. Italy
  11. Jersey
  12. Liechtenstein
  13. Luxembourg
  14. Norway
  15. Spain
  16. Sweden
  17. Switzerland
  18. United Kingdom

Fund Info

  • Launch date19/12/2013
  • Share Class size41Mn
  • Base currencyUSD
  • ISIN LU1001747408

Purchase Info

  • Min. initial investment35,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%
  • Initial investment5.00%

Related News

JPM AM hands new L/S fund to Barakos and team

New strategy comes in wake of firm's decision to streamline funds offering at the end of 2017.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).