JPMorgan launches Progressive Multi-Strategy fund

The JPMorgan Progressive Multi-Strategy fund is a closed-end investment vehicle domiciled in Guernsey. It will primarily invest in products from across the group's various global divisions, although it can hold third-party vehicles if required. Initial asset holdings will cover equities, bonds, property and hedge funds, with commodity and infrastructure slated as possible additions in the future. JPMorgan's global head of equities Martin Porter will oversee the product, with input from regional heads including European equities CIO Chris Complin. His US and Asian counterparts will represen...