All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

J.P. Morgan Manager Plots Ambitious Growth

J.P. Morgan Fleming Asset Management is looking to ramp up its assets under management and is aiming to be among the top five fixed-income managers, said Gary Madich, chief investment officer of J.P. Morgan's Columbus-based fixed-income group.

J.P. Morgan Fleming Asset Management is looking to ramp up its assets under management and is aiming to be among the top five fixed-income managers, said Gary Madich, chief investment officer of J.P. Morgan's Columbus-based fixed-income group. The manager currently has $78 billion in fixed-income assets and Madich declined to specify a numerical goal but said the firm would like to compete with Pacific Investment Management Co. and Western Asset Management Co. and the like. PIMCO manages over $400 billion.

Madich said the Columbus-based operation, which includes Banc One Investment Advisors, has had very few non-U.S. clients and is looking to expand its business by adding European and Asian clients. While spreads are tight in fixed income across the board, the manager noted specialty-type mandates such as mortgage-backed securities and high yield still do offer some spread and foreign demand is strong for such products, rather than typical aggregate-type mandates. Madich does not currently invest in non-dollar denominated paper but expects that will change over times as it "fills out its menu" of fixed-income products.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree