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Blockbuster manager Talib Sheikh to exit JPM AM

Blockbuster manager Talib Sheikh to exit JPM AM

Talib Sheikh is to leave JP Morgan Asset Management after almost two decades with the investment giant.

It is understood Sheikh, who first joined the company 19 years ago, will leave the firm in the coming weeks to pursue other opportunities.

Sheikh was named on seven funds in the Citywire database covering mixed assets and multi-asset approaches which have combined assets in excess of €30 billion.

JPM AM said Sheikh relinquished his roles on February 13, which included stepping down from the blockbuster JPM Global Income fund, which has €23.8 billion in assets under management.

This was singled out as one of the biggest money-making funds in the Citywire universe over the third quarter of 2017 when it took in €1.57 billion over a three-month period.

Michael Schoenhaut and Eric Bernbaum, who had co-managed the fund with Sheikh since 2010 when he joined the fund, will continue to run the multi-asset fund once Sheikh exists.

Meanwhile, on the JPM Global Macro Opportunities fund, which has €4.7 billion in assets, the management duo of James Elliot and Shrenick Shah will remain in place following Sheikh’s exit.

He also steps back from the Global Balanced and Global Macro Balanced funds. The existing management teams of Katy Thorneycroft and Jonathan Cummings and James Elliot and Gareth Witcomb remain in place.

In a statement, JPM AM said: ‘Talib Sheikh has decided to leave the firm to pursue other opportunities. The following fund management responsibilities will take effect immediately, but these changes will not impact the management of our portfolios or our investment process.’

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