JPMAM reopens $2.3bn emerging markets fund
The strategy was soft closed in July 2019 when it hit nearly $3.6bn in assets.
The strategy was soft closed in July 2019 when it hit nearly $3.6bn in assets, with further restrictions imposed in May 2021, when the fund grew to $5.5bn, despite not allowing any new investor money in the fund.
The company removed limits on daily allocations to the fund at the beginning of 2023.
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The Emerging Markets Opportunities fund is managed by Anuj Arora and Sonal Tanna, who have managed the strategy for eight and seven years, respectively. Richard Titherington also managed the fund until 2022, when he took a leave of absence.
According to JPMAM, the fund has $2.3bn in assets as of 8 January, when it reopened.
The strategy has delivered negative performance over the last three years, returning -5.7% in 2021, -16.2% in 2022 and -0.4% in 2023, according to data from Morningstar.
JPMAM confirmed the reopening of the fund but declined to comment further.
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